In the correlation is not causation department: Post election Freddie Mac mortgage survey hits 4.03% during Thanksgiving week.

Rockaway Beach Sunset

Why is that news? It’s the first time the 30-year FRM rate has gone over 4% this year. You have to go back to July of 2015 to find a weekly survey rate above 4.03%. Will be interesting to see what the Fed does next! See the Freddie weekly survey chart here.