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One Of The Biggest 2-Day Drops in Rates in Decades

One Of The Biggest 2-Day Drops in Rates in Decades

Today's headline speaks for itself: one of the biggest 2-day drops in rates in decades.  Simply put, over the past 48 hours, mortgage rates have moved lower by a larger amount than almost any other time in our records. There was a similar episode in November 2022 and only one other episode in March 2020 (which we don't really count as "real" due to the once-in-a-lifetime market dynamics in play at the onset of the pandemic).  Before that, we don't have anything else remotely close going back to start of our intraday record-keeping in 2007.   Does any of the above tell us anything important beyond conveying the notion that rates have fallen precipitously in the past 2 days?  Not really.  It's just "kinda cool."   But here's a milestone that can only be claimed by the present rate r
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