Posted To: Pipeline Press

Surely not everyone was kung fu fighting, right? I hope that we don’t see any fighting after November 3. I love to ask people, who think we’re going to see volatility next week, a) why, and b) what kind? We could very well see no huge jumps of any sort. From a capital markets perspective, it’s not as if the Fed is going to hike short term rates based on the result of the election although the long end of the yield curve may be buffeted by more or less economic shut down. No immediate changes are expected to mortgage rules and regulations. Besides, we may not know the results of some of the elections for days or weeks, especially if anyone ties the results up in court. (Regardless, vote! It’s a right of being a U.S. citizen. 70-80 million have already done so.) Markets…(read more)

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Source: Mortgage News Daily