From Matthew Graham at Mortgage News Daily: Mortgage Rates Officially Highest in at Least 5 Years



Things are slightly worse for mortgage rates, which only generally follow the 10yr Treasury yield … today's rates are the highest in at least 5 years for some lenders (there were a few days in the middle of September 2013 that were worse) and the highest in 7 years for any other lenders. In both cases, we're talking about average conventional 30yr fixed quotes of 4.75% to 4.875% for top tier scenarios.

emphasis added

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the• At 8:30 AM,for August. The consensus is for 1.240 million SAAR, up from 1.168 million SAAR.• During the day, The AIA'sfor August (a leading indicator for commercial real estate).