Robin SimonPosterPremium#1 Private Lending & Conventional Mortgage Advice Contributor
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Great Day for Rates and Mortgage Bonds
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?