Ok guys, we have lost another 100 Basis Points today so in the last 48 hours we have lost 234 basis points int he mortgage bond market! I am not sure how to put that into perspective but HUGE is not nearly a big enough to describe it.
Most lenders are going to be quoting around 4.75% now on 30 year fixed. 5% isn’t far off…
I will keep you posted if anything changes.
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