Mortgage Market Guide's recap of what happened this week and why.
Stocks have lost over 6% in just two weeks, but at the same time yields are elevated. Mortgage Bonds are sitting on support and the 10-year yield is threatening to move above its 200-day moving average for the first time in nearly two years. Combine this with what will be the biggest news week in years and you have a lot to follow. Tuesday is Election Day, Wednesday is Fed Day, and Friday is the Jobs Report. We may very well see the next directional move in the financial markets come next week.
Find out what this means for you, your clients, and your partners in this week's video recap:
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