Mortgage Originators Everywhere Seeing Red As Freddie 30 Year Mortgage Hits Fresh All Time Low Of 4.54%

The Fed came, saw, and conquered the mortgage market. The 30 year Freddie fixed just dropped another 2 bps from the prior week to 4.54%, a fresh all time low, and more billions in margins chopped off from the profit line of mortgage originators everywhere, now that the Fed and Pimco are the only two entities remaining in the mortgage market, even as consumer cash flows are under more pressure than ever confirming that in this bizarro market just as one wants to buy, the right button to push is sell and vice versa.

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Originally published at Zero Hedge and reproduced here with the author’s permission.