"Wish me luck!" Last words spoken by Niagara Falls barrel rider....But luck hasn't been on the side of home loan rates, as Mortgage Bonds tipped over the edge on Thursday, adding to the brutal cascade lower which began on May 8th, and causing home loan rates to move significantly higher along the way. Last week the damage was particularly dramatic, as Thursday brought the largest single-day worsening in Bonds and home loan rates seen in three years. Although Friday brought a small amount of recovery, home loan rates still increased by .25% across the board overall.  For a more in depth look into next week be sure to read the rest of this weeks  mortgage update.

Weekly mortgage update.