Mortgage Rates are extremely volatile March 25, 2022

What a week for mortgage rates.  Rates were up and down throughout this week but ended the week about .50% higher for most lenders.  The average 30 year mortgage rate last week was around 4.25%.  As of today, Friday March 25, most lenders are quoting 4.75% for a 30 year fixed rate mortgage loan.  Yikes!  That is a very large jump in rates in a one week period.