Global Bond prices continue to worsen while yields push higher as the markets continue to digest Donald Trump's win for the U.S. presidential election. This has made mortgage rates skyrocket post election.
There is also speculation that Mr. Trump's anticipated tax cuts, and infrastructure spending could spur a rise in inflation, which is always bad for Bonds and partly the reason for the continued selloff.
However, Mortgage Rates are starting to bounce back from worst levels seen earlier this morning. Carefully floating is recommended. If anything changes, we will get right back to you.
via MORTGAGE MARKET GUIDE 11/10/16