Mortgage rates have gone up about a quarter of a percentage point in the last two weeks, according to the weekly Bankrate.com mortgage index. The average rate on the 30-year fixed was 5.35 percent in this week's survey. Two weeks ago, it was 5.11 percent.
What does the Fed's withdrawal from the mortgage market have to do with this rise in rates? Probably not a lot. Read the above-linked article to find out more.