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Mortgage rates climb higher in last week of February

Mortgage rates rose higher toward the end of February, climbing half a percentage point higher than they were at the beginning of the month. The rise comes as yields on the 10-year Treasury marked 1.38 percent, the highest since the same time last year. 

Mortgage rose over the month of February, climbing notable in the last week of the month.

By some measures, rates rose in the final week at their fastest pace in years and while they are still very low in historic terms, according to Zillow, it seems record-low rates are now behind us.

The jump in rates has been driven by movements in the U.S. Treasury market. The yield on the 10-year Treasury bill has risen considerably this year and now sits at its highest level in a year.