Mortgage rates forecast

After increasing for nine consecutive weeks, mortgage rates dropped for the first time in 2018, according to Freddie Mac's Primary Mortgage Market Survey.

Mortgage rates increased for the ninth consecutive week, moving in reaction to bond and stock market volatility.

The new Federal Reserve Board chairman's testimony in Congress was the driver of this week's mortgage rate increase, according to Freddie Mac.

The 30-year fixed mortgage rate moved up for the seventh consecutive week with further increases possible as bond yields rise over concerns about higher inflation.

The recent bond market volatility will cause mortgage rates to rise to a higher level than previously projected, according to Fannie Mae.

Mortgage rates rose to their highest level in almost four years, as worries over inflation drove the 10-year Treasury yield to just shy of 3%.

Mortgage rates hit their highest mark since December 2016 as bond yields were affected by the roller coaster stock market, according to Freddie Mac.

Mortgage rates, which are significantly higher since the start of the year, are likely to rise for weeks to come, according to Freddie Mac.

Mortgage rates rose for the third consecutive week and with expected continued economic growth, further increases are likely.

Given the improving U.S. economy, mortgage rates will probably not fall back under the 4% mark anytime soon.