{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/4a7ff4033c90432dbbea4c74e74d91ab\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/4a7ff4033c90432dbbea4c74e74d91ab-efbc7b6557e94d0a.gif","duration":165.59,"title":"Mortgage Rates Rally, Then Pause, Risk Ahead","description":"This Loom discusses the near term outlook for mortgage rates after midterms. It notes mortgage backed securities have rallied since early October, extending gains today on election news about a potentially divided government making spending bills harder to pass, which is generally supportive for inflation. However, the rally hit a ceiling around 10.26 and then reversed lower, with traders potentially doing profit taking as the securities moved into oversold territory on the stochastic chart. The speaker also flags near term volatility from Middle East tensions and an upcoming BLS jobs report on Friday, calling it a major wild card and suggesting that for homebuyers closing within about two weeks, locking in today could be prudent due to elevated uncertainty."}