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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

Mortgage rates actually dipped a little more over the last few weeks, leaving mortgage brokers with a large number of applications for refinances and new purchases. With inventory low and buyers perhaps waiting for the new crop of apartments in the new year, refinances will be more than enough to keep underwriters busy. With newRead more