Mortgage Rates Just a Bit Higher After Last Week's Jump
The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0.02% of upward movement. Today's level of 6.68% is the 3rd highest of the past 9 months. Unlike Friday, there were no big-ticket economic reports driving volatility in rate markets. The only arguable cause and effect was seen earlier in the morning surrounding war-related headlines. These actually helped rates start the day lower than they otherwise would have. As the week continues, investors will remain tuned in to war-related developments as well as an important inflation report on Wednesday morning (the Consumer Price Index or "CPI"). Categories
Recent Posts
Mortgage Rates Back Near Long-Term Highs
Mortgage Rates Slightly Higher Despite No Fed Rate Hike
Mortgage Rates Roughly Unchanged Versus Friday's Lows
Mortgage Rates Recover Modestly From Long-Term Highs
Highest Rates in Over a Year, But There's a Silver Lining
Mortgage Rates Inch Up to 11-Month High
Rates Match Longer-Term High For The 3rd Time in 2026
Mortgage Rates Bouncing Higher to Start The Week
Mortgage Rates Fall to Lowest Levels in a Week
Mortgage Rates Stage Moderate Recovery From Long-Term Highs
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "