In the current mortgage market, optimistic traders are facing a reality check as they come to terms with the high rates dominating the industry. Despite their initial positive outlook, these traders are now adjusting their expectations and strategies in response to the challenging market conditions.
Key points from the text:
– Traders who were initially optimistic are now acknowledging the high rates in the mortgage market
– They are shifting their perspective and adapting their strategies to align with the current market conditions
– The transition from a positive outlook to a more realistic understanding of the market’s challenges is evident among these traders.
You can read this full article at: https://www.housingwire.com/articles/the-mortgage-rate-pendulum-swings-yet-again/(subscription required)
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