5 Year Bond Rate Jumped 1% in the last 30 Days

This is the biggest and fastest increase most people have seen.  Expect to see 4% fixed rates in the next week or two.  

At the same time, variables are still at 1.8% to 2.1% for conventional financing and lower for insured.  

My guess is that the media will blow up the high fixed rates, which will spread fear and slow down the market. 

If you are interested in where the bond rate is going, feel free to save this as a tab on your browser:
https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx