#theyieldonthe10yrustreasurywentbelow4andaverage30yearmortgageratesfellto66thatsadecreaseofnearly150bps15injusttwomonths

  1. The Fed's pivot from 'maybe more hikes' to 'cuts next year' had the markets in ecstasy. The Dow and S&P 500 hit all-time records. The yield on the 10-yr US treasury went below 4%. And average 30-year mortgage rates fell to 6.6%. That's a decrease of nearly 150 bps (1.5%) in just