Could mortgage rates finally be rising? Here's what you need to know

International turmoil is going to affect us sooner or later
  • This rate move is global: Europe and Japan have backed away from additional stimulus.

Mortgages climbed above 3.50 percent for the first time in two solid months on Friday. Not far — but the 10-year T-note is also now trading 1.67 percent after two solid months between 1.50 percent and 1.60 percent.