Interest rates up again for a record breaking 7th straight week.
Up a total of 24% during that span for a 30 year fixed mortgage. Back on May 5th when this run began if you qualified to purchase a home with a $400,000 mortgage than has now changed to $407,000. Rates have not been this high since September 4, 2011.
When will the Fed stop, or curtail, their $3.4 trillion quantitative easing spending spree is the question. The fact is, at that point, somebody else will need to buy our debt so expect yields and interest rates to continue heading higher. Just how much higher and how soon remains to be seen.