Mortgage rates return from the dead to recover lost ground 🧟♂️📉🏠
Flash Market Update
Markets trade on expectations, and expectations are clearly suggesting an imminent peace deal despite a new fatal attack on Iran over the weekend.
The above chart is from the LendZen Index, which tracks rates across a variety of time series and is posted daily on Substack at LendZenIndex.com
In a sudden return from the dead, bonds have fully recovered from the last two weeks of losses with a strong 5-day rebound.
Hopefully a peace deal is finally announced, so the latest reversal continues for mortgage rates.
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