
Lowest Mortgage Rates Since ‘Liberation Day’ Can’t Break Housing Gridlock
Quick, refi!
Mortgage rates in the US slipped below 6.80% on the MBA's gauge in Wednesday's update,
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Mortgage rates need to drop at least 100bps to revive housing. What might happen is a steepener which could get us there at least to start by dropping rates on 5-7 year arms.