Mortgage Rates Remain Unpredictable for Home Buyers.

Mortgage rates have erased last week's drop and are back to mid 6's for a top tier conforming 30yr fixed due to a resilient showing in the jobs report. The mortgage market caught up with the bond market, which ultimately dictates rate momentum. The next big flashpoint will be Wednesday's Consumer Price Index, which is the most important monthly inflation report and has the potential to cause a reaction in the market.