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Bond Yields Jump Again

Mortgage-RatesThe 5-year government bond rocketed to 2.71% today.  Various lenders have already issued fresh new fixed rate increases.  More may follow tomorrow if yields don’t retrace.

Two-year bond yields also broke to the upside.  That may lead to upcoming rate increases on shorter-term mortgages, which have been insulated from rate hikes for several months.

If you’re shopping for a fixed mortgage, be safe and get your application in soon.