Mortgage Rates Move Back Up Near Recent Highs

Mortgage rates got hit 3 times on Wednesday, with the net effect being a move back up to the highest levels in several months. The average lender isn’t quite as high as they were last Friday, but after late-day „reprices“ many are fairly close.  The least of the bond market’s concerns (bonds dictate rates) was this morning’s inflation data. The Producer Price Index (PPI) was higher than expected on multiple fronts, i…