Adjustable-Rate Mortgage

Mortgage Rates Rise Amid Economic Turmoil 

To anyone with a pedigree in mortgage banking, the headline to this story should make little sense — mortgage rates, after all, tend to do better as economic distress heightens. Investors typically flock to Treasuries, pushing yields (and by extension, mortgages rates) downward. But these are not exactly normal times, and the spread between Treasuries and mortgages has been anything but what would usually be expected.