One of the biggest anomalies I've seen in 30 years of observing the mortgage business is the current inversion of jumbo and conforming rates. But there are other anomalies you can see in the business if you look closely.

Jumbo mortgages, which normally have higher yields than agency products, dropped lower than conforming mortgage yields around Thanksgiving. According to the most recent survey by the Mortgage Bankers Association, the inversion last week was five basis points (4.45% for jumbos versus 4.5% for loans guaranteed by Fannie Mae or Freddie Mac).

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Authoritative analysis and perspective for every segment of the mortgage industry