The tri-merge system is "an anachronism from the days when there were significant disparities in coverage by the credit bureaus," MBA says in advocating new approach.

Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly.

U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.

Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.