Mortgage Interest Rates go up and down when the bond market goes up and down.  A lot has been happening in the bond market this year, as they are analyzing record high inflation and a recessionary economy.  This week has been sideways, not a lot of movement.   But mid June was the worst of it while late July was the best.  And consequently there was more than a full percentage point of difference between those two time frames for 30 year fixed rate mortgages.

As of late last week, most lenders had adjusted their rates close to the highest peaks we saw back in mid June.

There is still a lot of volatility ahead.  When deciding to lock or float, good luck.  No matter what any experts do to predict it, they have a 50/50 chance of being right, and wrong.