Mortgage rates increased slightly yesterday as hesitant investors wait for news regarding the government shutdown. Trading volumes are 75% of the 30-day moving average showing the direct impact the political uncertainty has on the MBS market. Mortgage applications remain flat week over week while home purchases dip a report will state today. The Debt Ceiling deadline is now just hours away while we all sit and watch the showdown unfold. Today the MBA reports on Mortgage Applications, multiple Fed speakers will take the stage today and the Beige Book will be released at 2 PM.
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