Roughly Speaking: Punching up cocktails with brandy; making soup; gifting books

National Association of Realtors

With mortgage rates up, Trump already makes a mark on housing market

With mortgage rates up, Trump already makes a mark on housing market

The day before Thanksgiving isn't typically a busy time in the home mortgage business. Then again, it isn't a typical year.

First, there was real estate developer Donald J. Trump's surprising victory in the presidential election.

Then interest rates for mortgages spiked to more than 4 percent — rising faster in the days since the election than they have in more than three years, when fretting over their persistently low levels has consumed economists, policymakers and investors alike.

That partly explains why C. Stuart Kiehne, president of Annapolis-based Redwood Mortgage Services, was in his office Wednesday, running numbers for clients newly concerned they...

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