Daniel Lacalle

Mortgage Rates Explode in US

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Mortgage Rates Explode in USComment from my colleague Matt:
This will likely show up in reduced mortgage activity in the weeks ahead, which suggests it will bleed into housing comps for Q3.  This might lead to a rate shock by consumers, an almost complete halt to all re-mortgaging/refinancing and I would guess cause rates to back up a bit in response…

 

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