Mortgage Rates Decline Amid Economic Weakness and Lower Bond Yields
Mortgage rates declined due to disappointing economic indicators, mirroring a recent drop in 10-year yields, presenting opportunities for private lenders.
Mortgage rates declined due to disappointing economic indicators, mirroring a recent drop in 10-year yields, presenting opportunities for private lenders.
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Existing-home sales declined 4.9% month over month to an annual rate of 4.08 million, signaling potential shifts in market dynamics for private lenders.
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RE/MAX reports a 7% decline in U.S. agent count, totaling 51,286. This trend may influence market dynamics and opportunities for private lenders.
The MBA has updated its mortgage origination forecast, increasing purchase projections while reducing refinance expectations, signaling trends for private lenders.