{"id":680,"date":"2025-01-22T15:51:42","date_gmt":"2025-01-22T15:51:42","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-rates-rise-to-match-6-month-highs\/"},"modified":"2025-01-22T15:51:42","modified_gmt":"2025-01-22T15:51:42","slug":"mortgage-rates-rise-to-match-6-month-highs","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-rates-rise-to-match-6-month-highs\/","title":{"rendered":"Mortgage Rates Rise to Match 6 Month Highs"},"content":{"rendered":"<p> <\/p>\n<div>\n<p>We came into the current week knowing that rates would take cues from any clear cues in this week&#8217;s economic data.\u00a0 In general, that means higher rates in response to stronger data or lower rates if the data is weaker.\u00a0 \u00a0Today&#8217;s data was stronger across the board.<\/p>\n<p>One of the most closely watched economic reports that most people have never heard of&#8211;ISM&#8217;s Service sector index&#8211;was only a bit higher than markets expected, but the report includes separate components for things like employment and prices.\u00a0 Today&#8217;s release showed a sharp increase in prices and that&#8217;s a particularly sensitive subject for rates these days.<\/p>\n<p>At the same time, the US government released job openings numbers which showed an unexpected uptick back to the highest levels in 6 months.\u00a0 Higher jobs openings tend to coincide with higher rates.<\/p>\n<p>Incidentally, mortgage rates also matched their highest levels in 6 months today, last seen on December 19th and July 1st. On the plus side, this didn&#8217;t represent a huge move from yesterday&#8217;s latest levels with the average lender only increasing 30yr fixed rates by 0.04%.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We came into the current week knowing that rates would take cues from any clear cues in this week&#8217;s economic data.\u00a0 In general, that means higher rates in response to stronger data or lower rates if the data is weaker.\u00a0 \u00a0Today&#8217;s data was stronger across the board. One of the most closely watched economic reports [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[369,367,368,153,154,366],"class_list":["post-680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-highs","tag-match","tag-month","tag-mortgage","tag-rates","tag-rise"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=680"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/681"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}