30-year fixed mortgage rate reaches highest sustained increase in 40 years

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.
Rate news summary
From Freddie Mac’s weekly survey: The 30-year fixed rate reached the highest sustained rate increase to start the year in the past 40 years. The 30-year fixed rate averaged 4.66 percent, 5 basis points higher than last week’s 4.61 percent. The 15-year fixed averaged 4.15 percent, worse by seven basis points compared to last week’s 4.08 percent.
The Mortgag