Rates Spike 0.5% During Last Week

I was not kidding when I said the rate movement higher was violent and historic – 0.5% in one week is no fun. Keep in mind this rate is with a 1% origination fee/discount point. To put things in perspective though, April 2000, the 30 year fixed was 8.5%.

http://money.cnn.com/2013/06/27/real_estate/mortgage-interest/index.html