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March 31

Post-March 31 Mortgage Rates Flat

The Dog That Didn’t Bark? So, the Federal Reserve finished its massive, $1.25 trillion purchase of mortgage securities almost three weeks ago. Have mortgage rates spiked upwards since then? Nope, they’re basically unchanged. What could that mean? Other investors — supplying fresh capital — have taken their place (the “supply explanation”); a weak economy is...
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