Weekly Newsletter

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.

If there were a movie about mortgage rates, this week would be the part where they say "it's quiet... almost TOO quiet."