Mortgage Rates Surge to 6.58-6.75% as Kevin Warsh Sworn In as New Fed Chair, April Housing Starts Fall 2.8%, and MBA Applications Drop 2.3%

Mortgage Market Update: Rates climb to one-month high of 6.58-6.75% (May 19) driven by Iran conflict and inflation concerns, Kevin Warsh officially sworn in as 17th Fed Chair on May 22 replacing Powel