.Rates had a slight push this week. The 30-year fixed rate mortgage increased 2 basis points to 2.83% while the 15-year fixed rate mortgage increased 1 basis point to 2.34%.
Despite February’s reputation for being a sluggish month, stocks closed at all-time highs Monday before coming back down the day after. While some fear a bubble akin to the 2000 dot-com bubble, experts disagree claiming we’re missing all the classic tells: widespread optimism, overvaluation, and leverage. Meanwhile, Democrats push forward with their reconciliation plan, which they hope to complete by mid-March before unemployment benefits run out.