Modest Pressure, Light Data
From summertime Monday to summertime Tuesday... Yesterday's modest strength is now erased by today's modest weakness. In both cases, the movement is too small to worry about obvious catalysts, though some may assume that there's an oil price component following Iran's attacks on commercial ships in The Strait. A separate consideration would be Amazon filing for a potentially large corporate bond offering (why do we care?). But even if these things are moving markets, they're not very good at it. The same can be said for essentially all of the line items on the econ calendar today.Categories
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Hormuz Back in The News

Rates Move Back Up With Oil Prices

Servicing, Processing Support, AI Tools ; Lenders Focusing on Consumers; Thoughts on UAD 3.6

Uneventful Summertime Monday

Mortgage Rates Start New Week Flat

HELOC, AI POS, LOS Tools; Pay Attention to Agency Changes; Housing Surplus?

Steady Start; No Drama From ISM Data

Not Reading Too Much Into Late Day Reversal

Mortgage Rates Recover Somewhat
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