Mortgage rates drop 4th straight day - are we turning a corner?

1 year ago
4

Pressure mounts for the Fed to PIVOT as the dollar index crashes and stocks/crypto rally. This could be a sign that those "in the know" already have the new marching orders. Mortgage rates drop almost .75% in the last 4 days in what could be the bottom forming in Mortgage Backed Securities. Links below - hope it helps! :)

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LINKS:
https://www.cnbc.com/2022/10/26/powell-again-is-facing-political-pressure-as-worries-mount-over-the-economy.html
https://www.cnbc.com/2022/10/25/home-prices-cooled-at-a-record-pace-in-august-sp-case-shiller-says.html
https://www.cnbc.com/2022/10/26/meta-plans-to-lose-even-more-money-building-the-metaverse.html
https://www.mortgagenewsdaily.com/mortgage-rates
https://fred.stlouisfed.org/series/MORTGAGE30US

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