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Recent News & Articles
Are We In The Midst of Another Mortgage Meltdown?
Things are changing rapidly in the mortgage market. Almost overnight, loan programs have disappeared, interest rates are all over the place, and more than a few lenders are closed for business indefinitely. All this despite the Federal Reserve buying more than $100...
Who Broke The Mortgage Market And When Will It Be Fixed?
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...
Mortgages Make The Fed Angry. You’d Like Them When They’re Angry
Last week was the wildest in the history of the mortgage market. This week was wilder. It ended with a one-of-a-kind show of force from the Federal Reserve. This wasn't necessarily destined to be the case, but things changed dramatically on Wednesday. By then,...
Wildest Week For Mortgage Rates, Ever (Seriously)
The headline makes a lofty claim, but let's put doubt to rest with 3 facts right up front. Mortgage rates were at all time lows on Monday Morning for most lenders By Friday, rates had risen as fast as they've ever risen in one week By Friday, the gap between mortgages...
