The spring housing market is on, but mortgage rates just shot higher

This spring is clearly a buyer market, but that doesn't mean it's going to be easy for all buyers. And that's because mortgage rates are rising when we thought they'd be falling now. And concern over the economy is very real.The average rate on the 30-year fix jumped 10 more basis points this morning to 6.53% according to Mortgage News Daily. Barely a month ago, it was dipping into the 5% range. But the war with Iran turned that around.Buyers are only in the driver's seat now because inventory is up and pri ...