A sharp rise in the yield on the 10-year U.S. Treasury note has sent mortgage rates up. The 10-year yield has jumped about half a percentage point since the start of the year, to 2.9%. Investors have demanded higher yields on bonds as inflation worries have intensified. Wages rose in January from a year earlier by the most in eight years, spurring concerns that inflation pressures are building.

Source: Los Angeles Times February 21, 2018 17:21 UTC