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There’s been no shortage of crazy weeks in the mortgage market lately, and this one was not to be outdone. By the end, the prices of the bonds that normally determine mortgage rates surged well into record highs. That would normally suggest the lowest mortgage rates ever, but the average lender is nowhere close.
Source: Kevin Litwicki MBSLIVE
Who Broke The Mortgage Market And When Will It Be Fixed?

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It’s no secret that the stock market has plummeted this week and only slightly less of a secret that the 10yr Treasury yield has dropped well into new all-time lows (on 4 straight days, in fact). Given that mortgage rates are often discussed in the context of the 10yr yield, why in the world aren’t they falling at the same pace? More frustratingly, why would many mortgage lenders keep rates unchanged on Tuesday and Wednesday even as 10yr yields dropped like a rock?
Source: Kevin Litwicki MBSLIVE
Why Can't Mortgage Rates Keep Up With Record Low Treasury Yields?

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