WOW - What Year the last two weeks have been!
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Good Write-ups (thanks Roberta) about Mortgages in this the Great Pause:
FRIDAY NUGGET: "INSANITY WEEK WRAP-UP"
Today will end the craziest week in the mortgage business in the last 12 years.
Here’s a recap of what’s occurred:
Mortgage investors are so spooked out by cities and businesses shutting and the thought of 20% unemployment that they completely abandoned the mortgage market. Mortgage rates went skyrocketing from an all-time low into the mid 4’s in just a few days.
The Fed said, “don’t worry… we will buy all the mortgages as we did in...