Mortgage Rates DROP two days in a row

Haven't been able to say that for a while! Could the worst be behind us? Is the "crash" talk just a psy-op to keep you from making the right real estate decisions? This is all possible. Maybe not probable, but its possible. The more steady we see mortgage bonds, especially in the face of a huge sell off in Stocks, the more likely we are at a point where buyers are happy to step in and thereby forming a bottom. But what about the FED selling their bonds? That's the biggie right there. If they do it without a very steady hand it could cause major problems. Hope this helps and links below! Lots going on...

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Derrick Evens, Home Loan Specialist, NMLS 155010
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VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today

LINKS:
https://www.cnbc.com/2022/05/10/stock-market-futures-open-to-close-news.html
https://www.cnbc.com/2022/05/10/housing-market-improves-as-rising-mortgage-rates-weigh-on-sales.html
https://www.cnbc.com/select/high-mortgage-rates-credit-score/
https://www.cnbc.com/2022/05/10/household-debt-nears-16-trillion-despite-rising-rates-and-inflation.html
https://www.cnbc.com/2022/05/10/consumer-credit-card-debt-near-an-all-time-high.html
https://www.cnbc.com/2022/05/10/traders-search-for-signs-of-a-bottom-as-stocks-dive-why-investors-should-proceed-with-caution.html
https://www.cnbc.com/2022/05/10/netflix-ads-password-crackdown-expected-as-early-as-this-year-source-says.html
https://www.cnbc.com/2022/05/09/inflation-outlook-for-consumers-falls-from-record-fed-survey-shows.html