"This week’s higher-than-expected inflation rate suggests that Fed rate cuts will be delayed, potentially until the summer," said Lisa Sturtevant, chief economist for Bright MLS, a database of properties for sale in the mid-Atlantic region, in an email. She expects rates to remain in the high 6s as we head into the homebuying season.

Wednesday, pushing the average to a two-week high. Rates moved higher for almost every other loan type as well.

While Freddie Mac's weekly survey showed 30-year rates falling, other indicators paint a mixed picture for mortgage lenders and borrowers.