The recent round of Quantitative Easing, specifically the purchase of Mortgage-Backed Securities (MBS) was short-lived. This was expected, as the scale of these additional bond purchases was relatively small.

Geopolitical tensions involving Iran and the broader Middle East remain a key factor. Markets crave stability and tend to react volatilely in its absence.

While mortgage rates are holding steady, they have slipped slightly compared to the levels seen in previous weeks.

On other news, Cotality Single Family Rent Report shows rental prices up 1.5% year over year but fairly muted numbers.

Jobless Claims down but clearly shows the low hire/low fire labor environment.

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