30 Year Mortgage Rates increase to 4.0%

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Begin Risky Week

Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates moved to the lowest levels in more than 2 years and had been holding in a narrow range since then. [30YR FIXED – 4.0%]
emphasis added

Mortgage Rates Click on graph for larger image.

This is a graph from Mortgage News Daily (MND) showing 30 year fixed rates from three sources (MND, MBA, Freddie Mac).   Go to MND and you can adjust the graph for different time periods.

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