Mortgage Rates Jump Back Up Toward 7%
The mortgage rate world has been on a wild ride in general, and even more so in the past few weeks. The crux of the drama was a British fiscal policy announcement that sent financial markets into a tailspin just after the September 21st Fed Announcement. The initial reaction was a sharp increase in rates […]
Rates Rebounding Aggressively After Hitting Lowest Levels Since April
August 2nd, 2022 Mortgage rates leapt higher at a record pace today–a statement that sounds a bit scarier than it really is by the time we consider the context. The first part of the context is the limitations of day-over-day record keeping for rates. Our data only goes back to 2008. There were likely worse […]