The outlook remains good for rates getting better in December ..

• 10yr Treasure Yield continues to FALL
• Mortgage Bonds continue to IMPROVE
• Revised GDP (Gross Domestic Product) is stronger

The Markets are now 100% confident that FED Rate Hikes are DONE … Question is how soon will FED Rate CUTS begin and the feeling is those will happen soon and mortgage rates will improve.

Billionaire Investor Bill Ackman is in the headlines betting the FEDs will cut rates sooner than June 2024 and thinks it could happen in Q1 2024 because the economy is not doing as well as it would seem.  There are also many others who feel economic crap will hit the fan soon.  The December labor and economic data will most likely make more believers.