Mortgage Rates Finish Flat After Starting Higher

Mortgage rates began the day at the highest levels in a month. The move up versus Friday was only moderate, but Friday’s levels were already fairly close to early Feb’s highs. Oil prices continue putting upward pressure on rates, but with several caveats. It takes quite a big move in oil to motivate enough movement in the bond market to impact mortgage rates. With this morning’s spike being the largest on record at t…