If you’ve been trying to follow mortgage rates lately, you may be getting a bad case of whiplash. On Tuesday, January 21, the average 30-year fixed mortgage rate jumped 14 basis points, rising from 6.07% to 6.21%, according to Barrons (1). The move wiped out weeks of progress that had briefly pushed rates to their lowest levels in more than three years, a welcome break for buyers and homeowners who rushed to apply for loans and refinances. Must Read So what caused the sudden spike? It wasn’t driven by ...