Why mortgage rates are rising

Commentary: To foster recovery, something has to give, but what?

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Two things this week: Explain the sudden rise in Treasury and mortgage rates, and then provide a simple tool for understanding budget issues in the election. Nuthin’ to it.

In the last two weeks the 10-year T-note has run up from 1.45 percent to 1.85 percent, taking many mortgages from below 3.5 percent to above 3.75 percent.