Mortgage Rates Edge Back Down. More Volatility Looms

Source: Mortgage News Daily — 

Mortgage rates moved sharply higher last week relative to where they ended the previous week.  In the 3 weeks before that, rates fell at one of the fastest paces on record, largely because the starting point was the highest level since at least 2008.  

In case it’s not clearly enough implied, things have been volatile!  The past 2 trading days (Friday and today) have been among the least volatile in several weeks, but that could easily change in the coming days.  The biggest reason for this is the scheduled release of the Consumer Price Index (CPI) on Wednesday morning.