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If you've been watching mortgage rates over the last few weeks, you've probably noticed they moved up pretty significantly. According to Freddie Mac, the average 30-year fixed mortgage rate reached 6.95% last week, up from about 6.65% just four weeks ago. So, what happened? A combination of stronger-than-expected employment numbers, higher inflation and rising energy prices caused investors to become more concerned that inflation isn't cooling quickly enough. Then last week,

If you were watching mortgage rates last week, you probably noticed they moved in the wrong direction, and pretty quickly. After a stretch of relatively stable rates, the market took a hit from a combination of stronger economic data and higher inflation. The jobs report came in much stronger than expected, showing that the economy and labor market are still holding up well. Normally that's good news, but strong economic data can actually be bad for mortgage rates because it

Mortgage Update: Rates, Jobs & a Big Fannie Mae Change We got some important mortgage news over the last week. First, the August jobs report came in much stronger than expected. The economy added 162,000 jobs, compared with expectations of roughly 56,000. Normally, a strong jobs report is good news. For mortgage rates, though, it can have the opposite effect. A stronger economy gives the Federal Reserve less reason to lower rates and can keep inflation concerns alive. Treasur