Mortage rates can turn on a dime

Optimism that pushes up cost of borrowing can fade fast

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Mortgage rates could ease again if optimism about the economy proves to be unfounded, says loan officer Dan Green, looking back at 2010 and 2011 on his blog, The Mortgage Reports.

That interest rates on bonds and mortgages are up the last two weeks is a byproduct of good news — there are signs that U.S. economic growth is picking up and unemployment is falling.