FICO (Ticker: FICO) with Buyback Capital
Chit Chat Stocks
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Are Mortgages Under Earning Right Now?
One of the largest macro themes has been playing out over the last kind of, you know, since the beginning of rates going up at the end of 2021 has been this massively precipitous drop in mortgage volumes. The typical 30 a mortgage has gone from like 1%, 2%, 8% which is an enormous delta in a typical borrower's ability to service a mortgage. And for the company's perspective, those huge declines in a very core portion of the scores has been made up primarily in credit cards and a pretty healthy auto market. So really what we're seeing is a normalization of the mortgage market. Eventually this is going to, you know,. these volumes will normalize if rates come down
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