Mortgage Rates Are Actually The Highest Since Mid November
Wednesday's Consumer Price Index caused a brutally fast spike in mortgage rates.  It wasn't notable for taking us to exceptionally high levels (October 2023 was much higher), but it was one of the biggest single-day jumps.  Either way, it easily took the average lender back to highest levels since November 2023.  Today was very tame by comparison although rates moved just a bit higher.  The average lender is at the weakest levels since November 20th, 2023.  This reality is at odds with many of today's mor...