6.68% marked the average top-tier 30-year fixed mortgage rate on Monday after another 0.02 percentage-point increase, extending Friday’s sharp jump and leaving rates at their third-highest level in nine months.
0.08 percentage point of that move came after a much stronger-than-expected U.S. jobs report on Friday, which pushed bond yields and mortgage rates higher.
War-related headlines briefly helped rates start Monday lower than they otherwise would have, but no major economic releases drove trading during the session.
Wednesday’s Consumer Price Index is now the next key test for rates, with investors also watching further war developments for market swings.