Mortgage rates soared again Monday, tacking on a half-percent in a day for the second time in under a week. Each half-percent adds $62 to a $200,000 home loan’s monthly payment, or $744 per year. For home buyers recently under contract, it’s a gut-wrenching time to be shopping for a home loan. Morning mortgage rates [...]

Mortgage markets took a beating last week, sending conforming mortgage rates soaring Wednesday afternoon. Despite a modest recovery Thursday and Friday, though, mortgage rates still moved higher on the week overall. It was the fourth time in 5 weeks that mortgage rates worsened. By far, the biggest news of last week was Wednesday’s mortgage market [...]