Interest rates on home loans shot up higher over the past week as demand for refinances remained strong despite major fluctuations in stock and bond markets. The 30-year fixed-rate mortgage averaged 3.65% this past week, the uptick is a major reversal from just two weeks ago, when it hit a record low at an average of 3.29%. Ann Zylengold of FM Home Loans says with rates all over the place, nothing is normal…
US oil prices meanwhile jumped as much as 24% Thursday, the most ever, after the president said he’d get involved in the global price war at an appropriate time.