Rates continue to rise, now for the 5th week in a row, we are now up to 6.375% for our best 30- year fixed conventional scenario. Rates are now at their highest point in the last 8 months. The widespread reaction to the Iran conflict has not been well received across financial markets with stock prices tumbling alongside rising treasury yields and mortgage rates.

Rates continue to rise for the fourth week in a row, we are now at 6.25% for our best 30-year fixed conventional scenario.

Another rough week for mortgage rates as we surged to a 7-month high. We are up another 0.25% in rate now at 6.125% for our best 30-year fixed conventional scenario.

After rates hit their lowest point since November of 2022 at 5.5% last Friday, this week reminded us how quickly world events can shift markets and investor sentiment. Rates moved up dramatically this week, all the way back to 5.875% for our best 30-year fixed conventional scenario.

Another small improvement this week for mortgage rates as we have now moved to the lowest levels since September of 2022, now down to 5.5% for our best 30-year fixed conventional scenario.

It was a busy 4 day week with several key economic reports released Friday, but rates have not moved significantly this week. We are off the absolute lows from last Friday, up just a bit to 5.75% for our best 30-year fixed conventional scenario.