Mortgage Rates Move Up to 3 Month Highs

Two days ago, mortgage rates began the day at 7.04% before mid-day improvements brought the average back down to 6.99%.  Today started out in a similar vein with the average lender at 7.05%, but the mid-day movement only made things worse. In terms of catalyst events, the bond market (and stock

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Mortgage Rates Briefly Over 7% Before Mid-Day Improvement

Mortgage rates jumped sharply over the weekend as financial markets reacted to Moody's credit rating downgrade of the U.S.  News of the downgrade broke with only minutes left in Friday's market/business day, so most of the response played out when global markets opened again late last night. Th