Mortgage Rates Jump to Eight-Month High as Bond Market Sours
TL;DR Summary
Mortgage rates rose toward eight-month highs after a bond-market selloff tied to the Trump-Xi talks, with the top-tier 30-year fixed around 6.62% (6.65% on some rate displays). The move followed higher Treasury yields, though increased purchases of mortgage-backed securities by Fannie Mae and Freddie Mac provided some support to rates.
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