US 30 year mortgage rate rises to 6.75% from 6.72% ...Middle East

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Looking at the chart, the mortgage rates have in between 6.10% and 7.22% with the exception of a spike higher in September to November of last year. That spike took the yield up to 7.79% at the highs.

Is the mortgage market reacting to lack of demand by keeping the rate low. Is there a fear of being called out by Trump especially after financial institutions earnings were pretty good this week. But comparing the two charts, the 10-year yield is more toward the high in relation to the 30 year mortgage.

This article was written by Greg Michalowski at www.forexlive.com.

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