Mortgage rates are sharply higher today, as global markets abandoned bond market holdings at the quickest pace of the week. When investors favor selling bonds vs buying, prices fall and yields--or interest rates--move higher. Even before the domestic trading session was underway, bond yields were much higher after Asian and European trading. This led to the secondary mortgage market starting the day off at the worst levels in over month. Read more: http://www.mortgagenewsdaily.com/consumer_rates/280644.aspx
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