After six weeks of hovering between 6.6% and 6.7%, mortgage rates rose sharply this week, according to Freddie Mac’s latest survey, reflecting recent bond market volatility.

The average 30-year fixed mortgage rate was 6.83% for the week through Wednesday, compared with 6.62% a week earlier. The average 15-year mortgage rate was 6.03%, up from 5.82% a week earlier. Mortgage rates have been on a wild ride in recent weeks as the bond yields that underpin them whipsawed in the aftermath of President Trump’s tariff announcement and later delay of some levies. Most rate surveys showed a sharp rise last week, as 10-year Treasury yields approached 4.5%.

In a sign of how quickly rates have been moving, recent mortgage rate surveys have diverged based on when their data was collected. Mortgage News Daily put the average 30-year mortgage rate at 6.86% on Wednesday, down about 9 basis points from a week earlier. The Mortgage Bankers Association had them at 6.81% in the week through Friday, a 20 basis point leap from the week prior.

Source: Financeyahoo