Last week was the 6th straight week of improving rates with Fannies gaining 4/32nds by time the markets closed on Friday... Teeny little gain, yes, but a pretty solid week of positive trading. All together this recent drop has not only taken us to levels we have not seen since the all time lows last fall, but it has also made this one of the most affordable times to buy a home in almost 2 decades. This week brings us a new list of data to chew on in a holiday shortened week. Here is this week's Calendar: Monday May 23rd: A no news day that has stocks down and Fannies slightly higher for the day, but Fannies are only slightly up which will not show much of a noticeable improvement in rates today. Tuesday, May 24th: April New Home Sales expected to be +0.3%. There have been declines in...
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