Quantitative and Qualitative Disclosures about Market Risk
−Removed: Other than our Amended Revolving Credit Facility, we do not have any financial instruments that are exposed to significant market risk.
+Added: Other than our Credit Facility, we do not have any financial instruments that are exposed to significant market risk.
We maintain our cash and cash equivalents in bank deposits and short-term, highly liquid money market investments.
−Removed: A hypothetical 100-basis point increase or decrease in market interest rates would not have a material impact on the fair value of our cash equivalents securities, or our earnings on such cash equivalents, but would have an effect on the interest paid on borrowings under the Amended Revolving Credit Facility, if any.
−Removed: As of July 29, 2021, there were no borrowings under the Amended Revolving Credit Facility.
+Added: A hypothetical 100-basis point increase or decrease in market interest rates would not have a material impact on the fair value of our cash equivalents securities, or our earnings on such cash equivalents, but would have an effect on the interest paid on borrowings under the Credit Facility, if any.
+Added: As of October 28, 2021, there were no borrowings under the Credit Facility.
Fluctuations in interest rates affect consumer demand for new mortgages and the level of refinancing activity which, in turn, affects lender demand for mortgage leads.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.