Mortgage rates began the week in decent shape, but moved higher somewhat abruptly yesterday.  Context is important though.  The smallest increment of adjustment for mortgages is typically 0.125%, and we haven’t seen a move that big since early November.  In fact, the overall range in 30yr fixed rates hasn’t even been 0.125% during that time! In other words, we’re only able to say “highest rates in a month” because they finally trickled to just slightly higher levels.  On that note, we might as well prepare for the next technicality.  Specifically, if things get just a bit worse, we’ll soon be able to say “highest rates in 9 months,” even though they won’t be too terribly different from today’s. [mndrateschart] Source: Mortgage News Daily