The decline helps affirm cooling in the housing sector and is consistent with other broad-based data we have seen.
More Quotes from Christopher Low:
It is going to make economists slightly revise down first-quarter GDP, which they already did with the weaker consumer spending number.Christopher Low
Housing is as strong as ever, and the mortgage business is as good as ever.
Christopher Low
The yield curve is a really powerful indicator. It always has been. The shape of the curve still matters.
Christopher Low
One reason the 10-year note yield has risen so much this week is that investors are worried that the end of the carry trade -- a trade that involves borrowing at very low rates in Japan and investing at higher rates abroad -- will end any day now.
Christopher Low
It's an ugly number -- you have a decline in March, you have a downward revision to the prior month,
Christopher Low
We had thought that transparency meant efficiency in the market... and that's not what happened. The meaning of the bias within the Fed was not well understood.
Christopher Low
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