The 10 year note (most closely correlates with the mortgage backed security) is up again today by a substantial amount. It closed at 2.13%, a 1/2% higher than just a few weeks ago. Rates move up faster than they come down.
Three mortgage rate increases today… ouch 🙁
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc
Gov’t Affairs Chair – California Association of Mortgage Professionals
www.mres.com
ronh@mres.com
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