6% Mortgage Rates Are OLD News
It really is the hope that kills you. That phrase, which was coined by English football fans and is probably more well known in America among Ted Lasso watchers, is now extending to the mortgage industry. After dozens of lawsuits and years of litigation in the case of Collins v. Yellen, Fannie Mae and Freddie Mac shareholders are about to get their first actual trial next month when Fairholme Funds v. Federal Housing Finance Agency and several related cases come before a jury in a U.S. District Court. Earlier this week, there were hopes that inflation would come in weaker than expected, meaning the Fed could eventually ease up on its quantitative tightening cycle. The CPI print rising 8.3 percent year-over-year in August forced markets to price in more rate hikes to already worris
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