Mortgage Rates Tick Up Even as the Odds of a Fed Rate Hike Decline

In A Nutshell: There’s still upward pressure on rates, as bond market investors have all of the same worries that have caused mortgage rates to increase by 1.5 percentage points already this year.

Last Week’s Highlights

Last week’s main economic data and news all reduced the probability of a Fed rate hike in October. They took some pressure off expectations for cumulative hikes…