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Mortgage-backed securities (MBS)–the bonds that directly influence mortgage rates–have a hard time keeping up when financial markets are this volatile. Mortgage lenders also tend to proceed cautiously when dropping rates to multi-year lows in the midst of a these sorts of big market swings.

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In addition, Schmidt is tasked with the expansion of Gateway’s mortgage call centers based in Dallas and Frisco, TX. He will report directly to Gateway’s CEO Stephen Curry. “Jeff brings deep.

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