"May 3, 2026" Archives

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Mortgage spreads are the only thing keeping rates under 7%

Mortgage spreads are once again the unsung hero for housing in 2026 because they are the sole reason why mortgage rates have been under 6.65% the entire year! Last week, the benefits of mortgage spreads being close to normal were very evident: if we currently had the highest levels of mortgage spreads in 2023, 2024…