Mortgage rates fell slightly despite bond market volatility. Here’s why Treasury yields, inflation, the US deficit and oil prices could push rates higher.

Mortgage rates fell slightly despite bond market volatility. Here’s why Treasury yields, inflation, the US deficit and oil prices could push rates higher.

Mortgage rates slipped Friday, with the 30-year rate at 6.50%, but high bond yields and inflation worries continue to keep US home loan costs high.