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If you’re a U.S. homebuyer waiting for a return to super-low mortgage rates, don’t hold your breath. The short-lived era of 3% interest rates for 30-year fixed mortgages is over, and unlikely to return anytime […]
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Mark Paul Cervantes
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It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application […]
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Comments Off on Opinion: The Fed broke the banks. What’s next for mortgage?
It is often said that the Fed raises interest rates until something breaks. Many have already pointed to the failures of Silicon Valley Bank, Silvergate Bank, and Signature Bank as evidence that the Fed “finally […]