Mortgage Rates Spike to 2026 Highs

Mortgage rates are driven by the bond market. Although bonds only experienced moderate, steady weakness throughout the day, mortgage rates lurched higher by an amount typically seen when the market is reacting to big, breaking news.  But there wasn’t any of that sort of news on tap today–just downbeat updates that reinforced a longer timeline for geopolitical disruptions. The bigger issue for mortgage rates is that …