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War Headline Waiting Game is The Only Game in Town
Markets were largely flat overnight but volatility picked up just after 7am ET after headlines suggested US/Iran negotiations could resume as early as today. That was good for almost a $4 drop in oil and a 3bp drop in 10yr yields. Roughly half of that improvement was erased just over an hour later w
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Volatility Picked Up Despite Lackluster News Quality
Volatility Picked Up Despite Lackluster News Quality It's not exactly a new problem, but the issue of incorrect or misconstrued headlines is growing larger as the Iran war persists. It makes sense considering the current lull in both military and diplomatic developments. People who write and profit
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Mortgage Rates Hold Steady For Most Lenders
Thursday saw a continuation of the recent trend of very low volatility for mortgage rates. The average lender's top-tier 30yr fixed rates were perfectly unchanged from yesterday and in the same narrow range as the past 7 business days (6.29-6.33%). Despite the uneventful outcome, there was som
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Specialty AI, Pooling, Correspondent Products; Lender Responsibility Opinion; Webcast Shows Incoming
After over 40 years in this industry and capital markets, I've learned that the best conversations are… with people. For example, a flyer could have been sent out yesterday instead of having a press conference to cover the VantageScore & FICO 10T news, but they chose to talk about it rather than
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