Another week, another vicious rise in mortgage rates. There just wasn’t enough “bad” news to reverse the market’s recent trend to the upside. There were three notable pieces of news from last week: The Fed’s May meeting minutes revealed a genuine concern that inflation is not slowing as anticipated The employment report showed that employers [...]

Mortgage rates will not get a helping hand from the bevy of data released this morning. As markets anticipated, headline data supports the notion that the Fed will raise the Fed Funds Rate from its current 5.250% level before it lowering it. This is completely opposite from what we were seeing just two months ago. [...]