Mortgage rates rise to 4.4 percent as Treasury yields climb

Mortgage rates rise to 4.4 percent as Treasury yields climb
Depressed levels aren’t able to repair housing market
Read more on San Jose Mercury News

Mortgage rates jump along with Treasury yields

Mortgage rates jump along with Treasury yields
Cost of 30-year fixed loans goes up after last week’s historic low
Read more on San Jose Mercury News

Treasury and HUD’s $3 Billion Effort to Prevent the Jobless from Foreclosing

Treasury and HUD’s $3 Billion Effort to Prevent the Jobless from Foreclosing
Their hearts are in the right place, but the concept is flawed and the execution will be a mess. Foreclosure – Unemployment – New Jersey – United States Department of Housing and Urban Development – Mortgage
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Question about the Treasury Dept’s efforts to freeze adjustable mortgage rates?

I do not understand why the Treasury Department has to step in to negotiate the freezing of mortgages rates.
Why cant the banks/mortgage companies use their own discretion by doing it themselves?
You would think it would make good business sense to freeze the rate and having a mortgagee continuing paying the mortgage than having the loan [...]