Lot's of Mortgage Related News Today...
Today there were two notable reports that have put a hurting on the stock market.
The first is that mortgage applications have recently dipped to a 13 year low.
The second being that mortgage delinquencies in quarter one of this year have hit a record high.
Ironically, the damage these events are causing the stock market is good news for the mortgage rate markets. As of this post, a 30 year fixed rate is solidly seated in the mid 4's.
Jason
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