Mortgage Rates Jump Back Near Long-Term Highs
Last week was mostly good for mortgage rates , even if the goodness was made possible in large part by the badness of the previous week. By Friday, rates were 0.15% lower than the previous Friday, on average.
As the new week begins, virtually all of that progress has been erased. In other words, the average lender is now very close to the same rates seen on Friday, October 6th. But why?
Unlike those moments where we have a clear culprit like a strong jobs report or higher-than-expected inflation, today's rate spike is the product of vague generalities. If you're determined to try to connect the dots, here are a few ways to try:
The gap between longer and shorter term bonds experienced increased volatility last week due to geopolitical issues and new messaging from Feder
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