Hot economic data sends mortgage rates to yearly highs
The 10-year yield climbed to a level not seen since 2006 after hot PMI data and more hawkish Fed messaging
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A short assumption memo can prevent last-minute income changes at underwriting
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Rising prices, Social Security uncertainty and record debt are compounding worries
Read MoreMortgage rates face several hurdles before they can return to 6%
Inflation, Fed guidance and spreads all play a role with higher rates, Logan Mohtashami says
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