The Current Rise in Mortgage Rates Is Unlike Anything in History

by Mish Shedlock, Mish Talk: In percentage terms, and that matters to borrowers used to cheap rates, the current rise in mortgage rates is unprecedented. Largest Mortgage Rate Swings in History  In 18 months, the year-over-year percentage change in rates went from -27.8 percent to positive 80.4 percent, a swing of 108.2 percentage points. The […]