**ALERT** Mortgage Rates head higher

After a better than expected non farms payroll report, rates have begun to give back the gains that we have been enjoying. While I am not concerned about a HUGE spike in rates, it is worth noting that we found a firm floor at 4.25% and there was nothing that could get us through that floor. We have bounced off of it with most programs now at 4.375% or higher for a zero point loan. It does not appear that we will get any help in the short week ahead. I recommend checking out this post from Mortgage News Daily. As always, check out my mortgage rate chart for today's rates.