?? 30yr fixed mortgage rates technically dipped by 0.01% today... Yes, just a smidge! Is it life-changing? Not quite. But hey, it’s the little victories, right? ???? While it may feel like rates are standing still, the real action is happening intraday. Lenders are watching the bond market like hawks ??, ready to reprice faster than you can say, “interest rate rollercoaster!” ?? Today, the star of the show was the Consumer Price Index ??, giving us a tiny breather from inflation worries. It’s like the
Fair Isaac (aka FICO) just gave us a new mortgage gift — a price hike! Instead of $3.50, lenders are now paying **$4.95 per score**. For a typical loan, that’s **$18 extra** if they pull credit twice for two borrowers. ?? And here’s the kicker: FICO’s price jump doesn’t end there. Credit bureaus pile on their own mark-ups too! It’s like a never-ending price ladder, each rung just a little more painful. ?? And guess what? Lenders don’t get to shop around — it’s FICO or bust. The government mandates it!
As financial markets react to election outcomes and shifts in economic policy, the question on everyone’s mind is: Does the Federal Reserve still matter in this environment? With bond yields moving rapidly and the financial world bracing for the Fed’s upcoming announcement, this press release provides insights into the impact of recent events on market rates and broader financial conditions. In anticipation of the Fed’s expected 0.25% rate cut on Thursday, market analysts note that recent bond movements
In an unexpected twist for both financial markets and sports fans, recent events in the bond market and the New England Patriots' game offered a shared lesson: the importance of expecting the unexpected. In the financial world, Nonfarm Payrolls (NFP) recently recorded a surprising 12,000 jobs—significantly below the forecasted 113,000. Historically, a low NFP report like this would usually lead to a rally in the bond market. However, contrary to expectations, bonds declined. Experts suggest three main
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