Mortgage rates jump to highest level since March on hotter inflation reports
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Read the original article: https://www.cnbc.com/2026/05/13/mortgage-rates-jump-to-highest-level-since-march…
psychologyDetected Techniques
warning
Loaded Language
70% confidence
Using words with strong emotional connotations to influence an audience.
fact_checkFact-Check Results
11 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.
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Single Source
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Corroborated
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Insufficient Evidence
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“the government's Producer Price Index, or PPI, sent bond yields higher, and mortgage rates followed”
SINGLE SOURCE
The provided web search results are completely irrelevant, discussing Yahoo email and account issues, and provide no information regarding the Producer Price Index, bond yields, or mortgage rates.
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NEUTRAL
— Jun 30, 2023 · Yahoo is an absolute shitshow Apparently my account is blocked because of too many attempts (repeatedly over the past month), which unless a bot/hacker somewhere is trying to access my …
https://www.reddit.com/r/yahoo/comments/14nedni/too_many_fai…
https://www.reddit.com/r/yahoo/comments/14nedni/too_many_fai…
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— In 2016, they shut down Yahoo Games and gave the same stupid vague reason like they later did with Messenger. The reason the Yahoo Games shutdown is significant is because it was a service that made Y…
https://www.reddit.com/r/yahoo/comments/183amiw/how_is_yahoo…
https://www.reddit.com/r/yahoo/comments/183amiw/how_is_yahoo…
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— Yahoo is the worst, hacked many times over the years, no concern for security of data or accounts. Anyone still using cox for email needs to stop ignoring things.
https://www.reddit.com/r/CoxCommunications/comments/18sl7b0/…
https://www.reddit.com/r/CoxCommunications/comments/18sl7b0/…
“The average rate on the popular 30-year fixed mortgage rose Wednesday to 6.57%, according to Mortgage News Daily.”
SINGLE SOURCE
The evidence provided consists only of dictionary definitions for the word 'according' and does not contain any data regarding mortgage rates or Mortgage News Daily.
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— The meaning of ACCORD is to grant or give especially as appropriate, due, or earned. How to use accord in a sentence. Did you know? Synonym Discussion of Accord.
https://www.merriam-webster.com/dictionary/according
https://www.merriam-webster.com/dictionary/according
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— Definition of 'according' according in American English (əˈkɔrdɪŋ ) adjective agreeing; in harmony
https://www.collinsdictionary.com/us/dictionary/english/acco…
https://www.collinsdictionary.com/us/dictionary/english/acco…
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— Phrasal verb accord with something (Definition of according from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
https://dictionary.cambridge.org/us/dictionary/english/accor…
https://dictionary.cambridge.org/us/dictionary/english/accor…
“It is now 15 basis points higher than it was last Friday”
SINGLE SOURCE
While the evidence discusses mortgage rate changes (e.g., 20 basis points, 16 basis points), none of the sources confirm a specific 15 basis point increase between a Friday and Wednesday.
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— Mortgage refinance rates May 7, 2026: 30‑year fixed at 6.43%, down 20 basis points. Inflation and Fed caution keep rates “sticky” in the 6% range.
https://www.noradarealestate.com/blog/mortgage-rates-today-m…
https://www.noradarealestate.com/blog/mortgage-rates-today-m…
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— The 30-year fixed-rate #mortgage averaged 6.34% in April, up 16 basis points from March.
https://www.linkedin.com/posts/national-association-of-home-…
https://www.linkedin.com/posts/national-association-of-home-…
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— The average 30-year mortgage rate rose more than 20 basis points last week.The average 30-year fixed mortgage rate was 6.83% for the week through Wednesday, compared with 6.62% a week earlier.
https://finance.yahoo.com/news/mortgage-rates-shoot-up-in-re…
https://finance.yahoo.com/news/mortgage-rates-shoot-up-in-re…
“it is sitting at the highest level since March”
SINGLE SOURCE
The evidence mentions rates hitting highest levels since 2000 or mid-January, but nothing specifically corroborates the claim that rates reached their highest level since March.
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— “The 30-year fixed-rate mortgage has hit the highest level since the year 2000,” said Sam Khater, Freddie Mac’s chief economist.The average rate on a 30-year mortgage is now more than double what it w…
https://www.aol.com/average-long-term-us-mortgage-160813101.…
https://www.aol.com/average-long-term-us-mortgage-160813101.…
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— Average mortgage rates for a 30-year fixed mortgage increased to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86%, while the less-popular 15-…
https://www.housingwire.com/articles/average-u-s-30-year-mor…
https://www.housingwire.com/articles/average-u-s-30-year-mor…
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— The 30-year fixed mortgage rate reached its highest level since mid-January last week, even as Treasury yields remained at relatively low levels. Several factors pushed rates higher, including increas…
https://www.ccn.com/mortgage-applications-crater-in-worst-fa…
https://www.ccn.com/mortgage-applications-crater-in-worst-fa…
“the Consumer Price Index released Tuesday”
CORROBORATED
Three independent cross-references from CNBC explicitly state that the April Consumer Price Index (CPI) was released/due on Tuesday.
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SUPPORTS
— The April consumer price index (CPI) is out Tuesday.
https://www.cnbc.com/2026/05/10/here-are-the-2-big-things-we…
https://www.cnbc.com/2026/05/10/here-are-the-2-big-things-we…
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SUPPORTS
— The April consumer price index will come out at 8:30 a.m. ET on Tuesday
https://www.cnbc.com/2026/05/11/tuesdays-big-stock-stories-w…
https://www.cnbc.com/2026/05/11/tuesdays-big-stock-stories-w…
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SUPPORTS
— On Tuesday morning, April's consumer price index reading is due at 8:30 a.m. ET.
https://www.cnbc.com/2026/05/11/stock-market-today-live-upda…
https://www.cnbc.com/2026/05/11/stock-market-today-live-upda…
“The National Association of Realtors said data from Sentrilock... recorded home showings in April were up 8% year over year.”
SINGLE SOURCE
The evidence mentions the National Association of Realtors and SentriLock in general contexts (safety tips), but does not mention an 8% increase in home showings for April.
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— September is REALTOR® Safety Month, and SentriLock is committed to keeping REALTORS® safe and educated on potential risks of their job. According to the National Association of REALTORS® (NAR) 2022 Me…
https://www.sentrilock.com/sentrilock-realtor-safety-tips/
https://www.sentrilock.com/sentrilock-realtor-safety-tips/
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— Year-over-year comparisons are more revealing. National existing-home sales were down 1.8% from February 2018, reflecting local results which were off 7.6%. Having said that, Flagler County’s housing …
https://www.gotoby.com/u-s-existing-homes-sales-surge-11-8-p…
https://www.gotoby.com/u-s-existing-homes-sales-surge-11-8-p…
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— 10 large markets with biggest year-over-year median price increases.The National Association of REALTORS® is involved in all aspects of residential and commercial real estate.
https://goldrushcam.com/sierrasuntimes/index.php/news/local-…
https://goldrushcam.com/sierrasuntimes/index.php/news/local-…
“All four regions of the country saw increases [in home showings].”
SINGLE SOURCE
One source mentions home showing traffic was more active in October compared to 2018, but there is no evidence confirming that all four regions saw increases in April.
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— A map of the United States showing its 50 states, federal district and five inhabited territories.states to exercise all powers of government not delegated to the federal government. Each state has it…
https://en.wikipedia.org/wiki/List_of_states_and_territories…
https://en.wikipedia.org/wiki/List_of_states_and_territories…
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— October home showing traffic was more active once again compared to 2018, as the nation saw its third straight month of higher year-over-year showing activity, according to the latest ShowingTime Show…
https://www.realtrends.com/articles/home-showings-increase-a…
https://www.realtrends.com/articles/home-showings-increase-a…
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NEUTRAL
— Pending Home Sales MoM in the United States averaged -0.01 percent from 2001 until 2026, reaching an all time high of 40.50 percent in May of 2020 and a record low of -30.30 percent in May of 2010.
https://tradingeconomics.com/united-states/pending-home-sale…
https://tradingeconomics.com/united-states/pending-home-sale…
“Inventory... we're still 11-12% below where we should be”
SINGLE SOURCE
The evidence confirms Andy Walden of Black Knight/ICE discusses inventory challenges and that ICE reports on the gap keeping homeowners from selling, but the specific '11-12% below where we should be' figure is not explicitly corroborated across multiple sources in the provided text.
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— Andy Walden, Black Knight VP of enterprise research strategy, joins 'The Exchange' to discuss easing housing inventory challenges, home prices rising due to ...
https://www.youtube.com/watch?v=B2Xcq_gtD8M
https://www.youtube.com/watch?v=B2Xcq_gtD8M
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— According to Intercontinental Exchange Inc. (ICE), such a buyer would now have to swallow $1,384 more per month. That gap is convincing many American homeowners to stay put, stunting the number of hom…
https://finance.yahoo.com/news/heres-the-math-keeping-housin…
https://finance.yahoo.com/news/heres-the-math-keeping-housin…
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— Housing inventory is falling as buyer demand reaches its highest point in three years. So, why are sellers retreating despite improved affordability? What's behind the geographic disparities driving p…
https://www.linkedin.com/posts/icemarkets_housing-inventory-…
https://www.linkedin.com/posts/icemarkets_housing-inventory-…
“the recent increase in interest rates, roughly 40 basis points higher than February”
SINGLE SOURCE
The evidence mentions a 25-point hike in February and a 16-point increase in April, but does not corroborate a total increase of roughly 40 basis points from February to the report date.
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— The Federal Reserve hiked the fed funds rate by 25 basis points in February to fight inflation. Will mortgage rates grow in response?
https://themortgagereports.com/100452/fed-hikes-rate-by-25-b…
https://themortgagereports.com/100452/fed-hikes-rate-by-25-b…
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— The 30-year fixed-rate #mortgage averaged 6.34% in April, up 16 basis points from March. The average 15-year rate also increased by 13 bps to 5.69%.
https://www.linkedin.com/posts/national-association-of-home-…
https://www.linkedin.com/posts/national-association-of-home-…
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NEUTRAL
— Today's Mortgage Rates & Trends - February 11, 2022: Rates surge higher...
https://www.investopedia.com/mortgage-rates-5184598
https://www.investopedia.com/mortgage-rates-5184598
“Mortgage rates, however, were closer to 7% at this time last year.”
INSUFFICIENT EVIDENCE
No evidence was provided for this claim.
“buying power out there in the market, it's down about 4% from where it was in February”
PENDING
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Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.