3/6/2021: Mortgate rate rises above 3.% https://www.marketwatch.com/story/mortgage-rates-soar-above-3-how-high-can-they-go-before-they-scare-off-homebuyers-11614872410?mod=mw_latestnews Typically, mortgage rates roughly follow the direction of long-term bond yields, particularly the 10-year Treasury yield TMUBMUSD10Y, 1.567%.