It finally happened today: We got mortgage rates under 6% for a short time. Can we get some traction for that level? Well, one aspect of the mortgage-rate story really improved today; we had a monster day in mortgage spreads, improving overnight to push rates down over 20 basis points without much help from the 10-year. Even though today is jobs Friday and the report was interesting, there hasn’t been much movement in the 10-year yield all day. So what just happened?

Trump impact

Mortgage spreads are now almost back to normal at the start of the year. Typically, mortgage details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com