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Bonds dictate mortgage rates and bonds experienced a bit of volatility this morning in response to the Supreme Court ruling on tariffs.
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It may not be as glamorous as being able to say mortgage rates are “in the 5s,” but at 6.00%, today’s MND rate index is a mere 0.01% higher than yesterday’s multi-year low. For all practical purposes, this means the average borrower will see almost exactly the same rates as yesterday. In many cases, the quotes will be exactly the same.