Mortgage & Housing
30-Year Mortgage Rates Snap Back to 7.30% After Hot Inflation Reading
via CNBC
The average 30-year fixed mortgage rate jumped 12 basis points to 7.30% on Tuesday, erasing four weeks of gradual decline after October's stronger-than-expected inflation data rattled bond markets. Applications had climbed 6.2% the prior week as buyers responded to slightly lower rates.
Why it matters
Buyers with a pending offer or expiring rate lock should speak with their lender immediately—the reversal puts December's Federal Reserve meeting back in the spotlight for anyone deciding when to act.


