Premiere Mortgage Services Inc. - Dana Bain

Mortgage Rates Today Thursday Nov 10 Mortgage Rates Up After Trump Win

November 10th, 2016 4:22 PM by Robin Bain

Hold onto your seats, folks, because mortgage rates are going on a wild ride after the election. Thirty-year fixed rates skyrocketed by nearly a quarter of a percentage point, while 15-year rates and 5/1 ARM loans jumped significantly on Thursday.

If there’s one thing investors hate, it’s uncertainty. And there’s plenty of that going around in the bond markets, because no one is sure what a Donald Trump administration has in store.

On Wednesday, the 10-year Treasury yield closed above 2%, about 25 basis points higher than it was before Tuesday’s election. It’s also the highest yield since January, according to Freddie Mac’s weekly survey of mortgage rates, released today.

Posted in:General
Posted by Robin Bain on November 10th, 2016 4:22 PM


My Favorite Blogs:

Sites That Link to This Blog: