“Buying eggs on the street and weed in the stores: the times they are changing.” Borrowers are certainly reacting to changes in rates as capital markets staffs are dusting off their renegotiation policies, explain early payoff penalties, and strategize on margins in volatile times (all of which are discussed in today’s Capital Markets Wrap at 3PM ET, presented by Polly). Of course, the stock market isn’t the economy, which is a good thing because, as of Friday, Barron’s calculated a $3 trillion reduction in the value of U.S. stocks since Trump’s Jan. 20 inauguration.
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11.11.26 Credit Costs; Splitero's Stephanie Damsky on Home Equity; Mortgage Applications
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