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Let’s talk about mortgage rates for a moment. My understanding is that despite the Citibank earnings that came out yesterday, mortgage originations are way down, 71% from a year ago. It sounds like originations across other major lenders, like Wells Fargo, are far down as well. Some data about mortgage originations across the US  Read more

As of today, mortgage rates are nearing 4% again for 30-year fixed rates. That is, rates are at their highest in months. This reflects a strong stock market and a climbing 10-year Treasury pricing. A mortgage broker at Citibank, Michael Most, gives me a good read on his current borrowers. He tells me that heRead more