Rates rise even as economy looks 'wobbly'

Mortgage market commentary

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Rates are rising again this morning — possibly an overreaction in thin holiday markets to strong job-market news, but rising.

The 10-year T-note is 4.75 percent versus 4.66 percent yesterday and 4.5 percent four weeks ago; that upward drive has taken mortgages from just above 6 percent to 6.25 percent yesterday and almost 6.375 percent today.