Mortgage rates forecast

Mortgage rates dipped slightly over the past week as yields on the 10-year Treasury retreated after breaking the 3% barrier, according to Freddie Mac.

Mortgage rates rose to their highest level in over four years, as 10-year Treasury yields broke the 3% ceiling this past week.

If 10-year Treasury yields remain at or above 3%, the average 30-year fixed-rate mortgage could hit 5% sooner than previously expected.

Yields on the 10-year Treasury hit their highest level since the start of 2014 and got very close to cracking the 3% mark, signaling a potential spike in mortgage rates.

Mortgage rates jumped across the board to their highest point this year as 10-year Treasury yields rose in the past week over economic headlines, according to Freddie Mac.

Mortgage rates increased a scant two basis points this past week, holding steady recently after their rapid rise at the start of this year, according to Freddie Mac.

Mortgage rates dropped as the stock market downturn at the start of the week drove yields on the 10-year Treasury lower.

Mortgage rates held largely steady for the week, dropping only 1 basis point, according to Freddie Mac.

Despite soaring home prices, other factors needed to inflate a housing bubble are absent from the real estate market. But experts warn falling home values and rising mortgage defaults are inevitable, even if conditions naturally cool off.

Mortgage rates posted a slight increase this week following the Federal Open Markets Committee's decision to boost short-term rates by 25 basis points, according to Freddie Mac.