Weekly Newsletter

Some news stories called out this week's mortgage rates as being the highest since last August, and while many of them came out only yesterday, this is really old news from last week.

This week ended up being the most volatile for interest rates since late March. By Tuesday, the average mortgage lender was at the highest level in more than 9 months. But ultimately, Friday's rates ended up the same as last Friday's.

It wasn't the best week for mortgage rates with the average lender jumping more than 0.20% from last Friday to the highest level in more than 9 months.

Wednesday ended up being the most interesting day of the week for rate movement thanks to headlines suggesting The U.S. and Iran were close to signing a one page memo to end the war.

Last week's newsletter noted an exceptional lack of volatility, but this week ended up shifting gears in a noticeable way.