RATES RISING

One week after the yield on the 10-year note broke through 4 percent, fixed-rate mortgages tacked on six basis points to reach a national average price of 6.26 percent, according to bankrate.com

Rates on 15-year mortgages also gained.

At the same time, mortgage applications plunged, according to the Mortgage Bankers Association, falling 15.3 percent.