Posted To: Mortgage Rate Watch

There is a LOT of misinformation flying around out there about the mortgage market, the Fed, and the various impacts on rates from the government’s coronavirus response. If you’re in the market for big-picture overviews of all the relevant considerations with links to excruciating levels of technical detail, check out this compendium of the Fed’s current mortgage bond buying efforts . If you’re just here to find out what the heck is going on with mortgage rates, read on. Rates are legitimately all over the place in a way we haven’t seen, ever. I’m including a significant amount of personal experience analyzing the financial crisis and more than a careless amount of research into historically similar levels of volatility as seen in April 1987. March 2020 wins, period. The sudden, unexpected…(read more)

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Source: Mortgage News Daily