Technically and officially, today’s typical leading tier 30yr set mortgage rate is the greatest given that last Monday. The catch is that there hasn’t been much movement ever since with the total variety being limited to 0.04%.
Today’s jump was the largest upward motion during that time. There was some upward pressure on rates from more powerful work data in the early morning, however the marketplace was much more focused on the uncertain status of US/Iran peace talks.
As the domestic company day winds down, it doesn’t appear like there will be concrete news on a ceasefire extension. As such, volatility potential stays elevated heading into Wednesday.