Recent presidential directives and rhetoric appear to be sending mortgage rates on a wild ride. Rates plummeted mid-month after President Donald Trump announced a mortgage bond buyback plan — but they rose substantially today following Trump’s aggressive posturing on foreign affairs. The 30-year fixed-rate mortgage jumped from 6.07% on Friday, Jan. 16, to 6.21% after the three-day weekend, according to Mortgage News Daily. Both 10-year and 30-year U.S. Treasury bonds were significantly higher on Jan. 20, impacting mortgage rates.

 

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