Mortgage Rates Surge to Highest Levels Since February

While no one can be sure exactly how things will pan out in the long run, the market is currently expressing extreme disapproval of the new tariff plans.  While interest rates had previously benefited from some of the chaos in the stock market, that ship has sailed. Now, both sides of the market are losing ground (stocks lower, rates higher). Today's rate increase wasn't nearly as big as yesterday's, but it's no less notable because it officially takes the average 30yr fixed rate to the highest level since late February.  This is the biggest 2 day rate increase so far this year, but if you didn't know about the past 4 days, current levels wouldn't look too troubling. [thirtyyearmortgagerates] As for motivations, that's a fairly esoteric discussion compared to last week's simple