Mortgage Rates Below 3% For 1st Time Ever (But Not For Everyone)

Mortgage rates plunged well into new all-time lows today.  This is a striking turn of events given the vastly different outlook at the end of last week.  Specifically, a series of strong economic reports led to significant losses in the bond market (which implies higher rates) and gains in stocks.  The unspoken warning was that rates had been too complacent in the face of a potential economic rebound. READ THE FULL STORY AT

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