Do You Know Your Collateral Risk? - Mortgage Banker Magazine

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In this historically low rate environment, mortgage bankers ended 2019 on a high. The 30-year fixed mortgage rate remained below 4 percent for 31 weeks as of the end of December, fueling purchases and refinances. The U.S. unemployment rate dropped to 3.5 percent in November, a 50-year low. The National Association of Home Builders housing …