NoPo Daily: Wednesday, May 30, 2018

“One bright spot to the market sell-off has been the plunge in 10-year Treasury yields, the common benchmark for fixed mortgage rates. After seeing mortgage rates run up to a 7-year high recently, any pullback is welcome news to home shoppers. If you’ve been on the fence about locking your rate, this is your opportunity.” Bankrate.com‘s chief financial analyst Greg McBride, on yesterday’s big market decline.

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