Posted To: Mortgage Rate WatchUsing the ” Mortgage Rate Watch Home ” link at the top of this page is a great way to revisit the past few articles and get caught up on recent trends. If you’re reading this article around the time it was written (April 10th, 2020) then the last few articles paint an incredibly interesting and volatile picture for the mortgage market.
Just as the industry was comping to terms with unprecedented market volatility due to coronavirus, the details of the CARES Act (the coronavirus rescue/stimulus/relief bill) presented their own set of challenges. For some lenders and borrowers, these challenges are an even bigger deal than the recent market movement. The past few articles detail those challenges, but the net effect has been a staggering level of inconsistency in mortgage rate behavior from hour… (read more)
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