Mortgage Rates Rise Modestly From 3 Week Lows

As of last Friday, average top-tier mortgage rates hit their lowest levels since July 20th. If they’d managed to drop even 0.01% today, it would have been a new 3-week low.  As it stands, rates moved modestly higher in response to higher oil prices. Throughout the Iran war, oil and rates have had a broadly strong correlation because oil informs inflation expectations and inflation is a key input for the rate mar…