The market is still commanding a premium on Mortgage Backed Securities relative to 4 weeks ago - the talk of inflation has investors on the sideline forcing rates up.
However, this morning we are enjoying the lowest rate of the last 2 weeks. We aren't back to the mid-5's but it looks like we're getting some relief for a bit.
Remember, the rates ALWAYS got up quicker than they go down. Give me a call for a quote on your scenario and lock in the relief we are seeing.