RJ Baxter First Mortgage Corp Market Update February 22, 2010
My latest market update has been published. Please visit RJ Baxter First Mortgage Corp Market Update to read the report. Bottom line- mortgage rates got hammered last week on hot PCI inflation numbers and positive economic data.
CPI is also up:
Inflation is the enemy of long-term mortgage rates because inflation devalues the returns on such an investment. This is bad for mortgage rates!
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