Real Estate

• Mortgage rates spike on shocking jobs report
  CNBC's Diana Olick breaks down the spike in mortgage rates.
• 'It's going to be ugly,' analyst says as mortgage rates suddenly spike on shocking jobs report
  What's good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates loosely follow the yield on the 10-year Treasury.