--- title: Home Loan Rates Ticked Up description: "home loan rates remain within a whisker of the best levels seen earlier in the week. And there is an old saying, \"the cure for higher rates, is higher rates,\" meaning at some point as prices drop and interest rates tick up, investors will buy Mortgage Bonds and stabilize interest rates." image: https://www.carringtonwholesale.com/wp-content/blogs.dir/2/2020/03/Market_Trends_2020-03-16.jpg --- [Skip to content](https://info.carringtonmortgage.com/knowledge-base/home-loan-rates-ticked-up#main-content) ![bell icon](https://info.carringtonmortgage.com/hubfs/raw_assets/public/Templates/2022/svg/Alert-Notifications-Icon.svg) [![Carrington Mortgage Services](https://info.carringtonmortgage.com/hs-fs/hubfs/carrington_logo_final_2col_rgb.png?width=250&height=57&name=carrington_logo_final_2col_rgb.png)](https://www.carringtonmortgage.com) - [About Us](https://www.carringtonmortgage.com/our-mission) - [Careers](https://www.carringtonhc.com/careers) - [Investors](https://www.carringtonhc.com/investors) - [Contact Us](https://www.carringtonmortgage.com/contact-us) [Recent Transfer](https://www.carringtonmortgage.com/new-customers) [Customer Login](https://www.carringtonmortgage.com/login) MAKE HOME WORK Manage My Home arrow-down-anticon/submenu Manage My Mortgage arrow-down-anticon/submenu Learning Center MAKE HOME WORK Manage My Home arrow-down-anticon/submenu - I Am Ready to Start - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home/check-existing-customer) - [Refinance My Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home/refinance-step) - What Loan Is Right For Me? 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Typically, when Stocks drop, so do rates — especially after historic Stock losses like those this past week. **So, what happened?** Home loan rates are determined on the pricing of mortgage backed securities. Due to all of the recent refinance activity as a result of the low rates, the Bond market was flooded with an enormous supply of Mortgage Bonds. When additional supply comes into any market, prices can move lower, and that is what we saw last Monday as mortgage backed securities touched a six-year price high and started to reverse lower. Once Mortgage Bonds started to drop in price, thereby increasing rates, something very interesting happened. The sell-off in Mortgage Bonds really gained steam causing a further bump up in rates. **Why did mortgage backed securities drop so fast?** Mortgage backed securities carry prepayment or refinance risk, which limits how fast rates drop when they are dropping. The opposite is also true. This means when rates start to rise, the prepayment or refinance risk goes away causing a sharp move lower in prices and higher in rate. Bottom line: home loan rates remain within a whisker of the best levels seen earlier in the week. And there is an old saying, “the cure for higher rates, is higher rates,” meaning at some point as prices drop and interest rates tick up, investors will buy Mortgage Bonds and stabilize interest rates. ## Related Articles [![](https://info.carringtonmortgage.com/hubfs/new%20Market_Trends_BLOG_Template2.jpg)](https://info.carringtonmortgage.com/knowledge-base/land-of-confusion) [Work Trends](https://info.carringtonmortgage.com/knowledge-base/tag/work-trends) ### [Land of Confusion](https://info.carringtonmortgage.com/knowledge-base/land-of-confusion) This past week interest rates moved higher with the 10-year Note yield briefly touching the highest levels of the year. Let's discuss what has happened the past couple... [CMS Marketing](https://info.carringtonmortgage.com/knowledge-base/author/cms-marketing) [Read More](https://info.carringtonmortgage.com/knowledge-base/land-of-confusion) [![](https://info.carringtonmortgage.com/hubfs/Market-Trends-BLOG-041224.jpg)](https://info.carringtonmortgage.com/knowledge-base/bonds-rocked-on-inflation-fears) ### [Bonds Rocked on Inflation Fears](https://info.carringtonmortgage.com/knowledge-base/bonds-rocked-on-inflation-fears) The bond market and interest rates had a rough week, especially on Wednesday when a high inflation print sent interest rates to the highest levels of the year. Let's... 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