Homeowners in the process of refinancing mortgages and people looking to buy a home received a shock this week when interest rates went up, potentially adding hundreds of dollars to a typical monthly payment.

Rates jumped as much as three-quarters of a point Wednesday following a surge in interest rates on benchmark Treasury securities. By yesterday afternoon they had receded slightly, but many Boston homeowners are wondering whether they missed their chance at bargain-basement rates.

Source: Boston Globe