Mortgage Market Guide's recap of what happened this week and why.
Homebuilders and homebuyers are feeling good. Home loan rates hit an all-time low of 2.98%. Homebuilder Sentiment has returned to levels seen pre-COVID, supporting a V-shaped recovery in housing.
Stocks are moving in a volatile sideways pattern after last Monday's Bearish Engulfing Pattern. The next directional move in Stocks can be fueled by many items: COVID, stimulus, economic progress, etc. If Stocks outright decline, we may see the 10-year yield break beneath .60%. The opposite is also true.
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