U.S. 30-year mortgage rates fell to 7.41% in the most recent week, according to the MBA, from 7.61% in the prior two weeks, sustaining a 5-week pull-back from a 23-year high of 7.90% in October. The rate is still well above this year’s low of 6.18% last February. The weekly MBA purchase index rose 3.9%, and now sits 10.5% above the 28-year low… Read more

The markets have anticipated a dovish pivot by the Fed’s tightening seven times since November 2021, according to Deutsche Bank’s Thematic Research report, published on Wednesday.

Most recently, the downside in the US CPI report yesterday created anticipation for a dovish pivot over the months ahead.

Futures are now pricing in an 87% chance of a…

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