Mortgage Rate Volatility: A New Normal?
The mortgage market's recent behavior has been marked by unpredictability, with rates fluctuating wildly and making it increasingly difficult for borrowers to understand the complex interplay between fixed and adjustable rates.
Despite government bond buybacks initiated by Treasury Secretary Scott Bessent, mortgage rates remain near one year highs. As of Friday, August 21, 2026, the average 30 year fixed rate has settled at 6.