REAL-TIME POLICY TRANSMISSION...
COLLAPSING MORTGAGE SPREADS TRANSLATING TO IMMEDIATE RELIEF FOR THE 30Y FIXED RATE MORTGAGE.
FIRST TIME BELOW 6% SINCE EARLY '23 ACCORDING TO @MORTGAGENEWSMND HTTPS://T.CO/SOXEP4ZEF2 — VIA @ECON_PARKER
Why it matters
Collapsing mortgage spreads and 30Y fixed rate below 6% first time since early 2023.