Mortgage rates moved higher for the 6th day in a row on Tuesday and to the highest levels since January, 2025. The average top-tier 30yr fixed rate is up to 7.22% and the most prevalently-quoted top-tier rate is 7.25%. Over the past 6 days, the average is up 0.33%, which is is the most abrupt […]

On average, the top-tier 30yr fixed mortgage rate moved up to another new long-term high today of 7.17%. You’d have to go back to January, 2025 to see anything higher. That said, there’s more variability than normal today depending on the lender.  Bonds (which dictate rates) were at their weakest levels of the day right

Looked at in a vacuum, and up until the last few hours of the day, Friday was no better or worse than the average day over the past several months. Compared to yesterday morning’s levels, the average lender was 0.01% higher–a small enough move to be effectively considered “unchanged.”  This expanded to 0.05% in the