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Big week upcoming for Mortgage rates

On Monday the 10-year treasury note went over 5%. Why is that significant? Well for all the sophistication that the financial system claims to have it’s remarkable how much a simple round number can impact things. There is no technical importance of 5% it’s just 5% sounds like a lot and that is why it […]

Anyone feeling whiplash?

So is your neck sore from the whiplash of interest rates or is just mine? After months of interest rates being fairly steady we’ve experienced a lot of volatility recently. So what gives? First lets dispel the headline, Fitch Rating’s downgrade of US debt isn’t responsible for the recent increase in rates. Fitch Ratings is […]