No, Mortgage Rates Aren’t Lower This Week. They’re Actually Back Over 7%

No, Mortgage Rates Aren’t Lower This Week. They’re Actually Back Over 7%

One can always focus on lending activity hitting a 25-year low , or the once mighty loanDepot reducing its own liquidity or handing raises out to executives , or Better.com’s CEO back in the headlines. So let’s veer off the mortgage track for a bit. Not everyone in residential lending is a baseball fan, but everyone in our biz knows a thing or two about money. Aaron Judge of the New York Yankees hit his 62nd home run of the season, a new record. The ball was caught by a fan, and the question has been raised that has not been answered: “What happens when you take possession of a baseball that is worth $1 million to $2 million? The closest that the IRS has come to answering this is a memo sent in the late 1990s titled the “treasure trove regulation.” When one finds a buried treasu