{"id":30685,"date":"2018-02-08T12:06:08","date_gmt":"2018-02-08T17:06:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30685"},"modified":"2018-02-08T12:06:48","modified_gmt":"2018-02-08T17:06:48","slug":"this-wont-end-well-mortgage-rates-spike-to-4-year-highs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30685","title":{"rendered":"“This Won’t End Well” – Mortgage Rates Spike To 4-Year Highs"},"content":{"rendered":"
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“This Won’t End Well” – Mortgage Rates Spike To 4-Year Highs<\/a><\/span><\/h3>\n<\/div>\n
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Growth? Inflation? Be careful what you wish for, <\/strong>as the surge in Treasury yields has sent mortgage interest rates to their highest in four years, flashing a big red warning light for affordability and home sales in 2018…<\/p>\n

The U.S. weekly average 30-year fixed mortgage rate rocketed up 10 basis points to 4.32 percent this week. <\/strong>Following a turbulent Monday, financial markets settled down with the 10-year Treasury yield resuming its upward march. Mortgage rates have followed. The 30-year fixed mortgage rate is up 33 basis points since the start of the year. <\/strong><\/p>\n

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Will higher rates break housing market momentum?<\/p>\n

As the following chart shows, that surge in rates will have a direct impact on home sales (or prices will be forced to adjust lower) as affordability collapses…<\/p>\n

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“This Won’t End Well” – Mortgage Rates Spike To 4-Year Highs Growth? Inflation? Be careful what you wish for, as the surge in Treasury yields has sent mortgage interest rates to their highest in four years, flashing a big red warning light for affordability and home sales in 2018… The U.S. weekly average 30-year fixed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[391,426,431,4869,18431,10841,4318],"class_list":["post-30685","post","type-post","status-publish","format-standard","hentry","category-economics","tag-growth","tag-inflation","tag-interest-rates","tag-mortgage-rates","tag-us-mortgage-rates","tag-us-treasury-yields","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30685"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30685\/revisions"}],"predecessor-version":[{"id":30687,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30685\/revisions\/30687"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}