Mortgage Rates Jump Higher. Is The Recovery Over?

Source: Mortgage News Daily — 

Mortgage rates have been moving lower for the past 3 weeks after hitting the highest levels since 2008 in the middle of June.  This was a larger-scale repeat of a similar pattern that played out in the month of May.  Taken together, these patterns suggest the rate market is broadly trying to find a ceiling after 2022 began with 6 of the worst months on record.

That’s the good news.

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