06/08/2026
Mortgage rates can't catch a break. First it was inflation from surging fuel costs related to war with Iran. Climbing 10 year treasury rates keep upward pressure on mortgage rates too. Everything seems to be "triggering" bonds and preventing mortgage rates from moving meaningfully lower. A hot jobs report last week put even more pressure on rates to climb. More jobs is a good thing... since the largest crop of college grads in U.S. history is looking for work.
While they're not yet back to the recent long term highs seen on May 19th, mortgage rates surged to 2-week highs on Friday after an exceptionally strong jobs report. This is a bit out of character bas...