October 14th, 2013 1:24 PM by BILL WILBANKS
With the bond market closed for the Columbus Day holiday (but the stock market is open?) lenders will price based on Friday's market at close of business. The market worsened mid afternoon Friday and finished weaker at closing. Lenders bumped their points and between the bond market closure today and the ongoing DC standoff most are up again today. None of this is a huge hit yet, just reminds one of dying of a thousand paper cuts. Each one hurts, but that one didn't end it. Or, the man who jumped off the the high-rise building...half way down he was heard to yell "I'm doing ok...so far!" That's enough of that.