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We had a very busy week. I have a new word I have been using to describe the mortgage rate market WHIPLASH! The beginning of the week saw a nice rally in mortgage back securities. We actually saw rates come down. That movement was due to the war in Ukraine. Then Wednesday and Thursday happened, F...
03/04/2022
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Inflation is in the driver’s seat. We have seen mortgage interest rates continue to climb due to inflation. It was reported that year over year inflation is growing at a rate of 7.5%. Which means the cost of goods are allot more expensive this year than they were last year. The Federal Reserve ha...
02/25/2022