Mortgage Rates Jump Back Up to 7-Month Highs

Mortgage rates hit 7-month highs last Friday, but recovered fairly nicely on the first two days of the present week. The past 2 days have been a bit rough, unfortunately. Over that time, the average top-tier 30yr fixed rate rose 0.14% to 6.43%–just a bit higher than last Friday’s 6.41%. Whereas mortgage rate volatility on many recent days have been a function of oil price volatility, the past two days have had more …