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Robin Simon#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Great Day for Rates and Mortgage Bonds

Robin Simon#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Posted Nov 30 2022, 16:53

Should see some further rate relief in the coming days as the markets interpreted Fed Chairman's speech today as dovish and indicating lesser rate hikes / sooner pause.  Some good recaps from Mortgage News Daily:

"Powell Shows Up With Holiday Cheer For Bonds"

https://www.mortgagenewsdaily....

"Mortgage Rates Not Nearly as Low as They Might be Tomorrow"

https://www.mortgagenewsdaily....

"Spoiler alert: bonds moved in a fairly big way right at the end of the trading day today! The first phase of the move was already underway in response to a speech from Fed Chair Powell who confirmed a likely slowdown in the pace of Fed rate hikes in coming meetings."

Will we be below 6 by New Years?

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