Coronavirus Impact on Mortgage Rates Still Up in the Air
COVID-19 quickly expanded around the world, but the coronavirus impact on mortgage rates still remains up in the air.
State of the Markets Displays Uncertainty with Trade Tensions
In a remarkable time for the financial world, the latest state of the markets shows trade uncertainty among the U.S. and China.
Loathsome Housing Market Conditions as Home Sales Decrease from June
Currently, the United States faces loathsome housing market conditions. Throughout this year, the housing market displayed disappointingly.
Italy Faces Third-Largest Economy in the European Union
After the completion of Brexit, Italy faces the third-largest economy in the European Union (EU) after Brexit.
Mortgage Rates Reached Four-Year High Due To Economic Growth
Due to economic growth, mortgage rates reached a four-year high due to several big picture factors coming into play.
Fed Balance Sheet Plan Leads to Massive Acquisition of Securities
From 2008 to 2014, the Fed balance sheet plan entailed numerous acquisitions during a time of quantitative easing.
European Elections Produce More Volatility for Mortgage Rates This Year
As of late, the European elections produce more volatility for mortgage-backed securities as the outcome remains uncertain.
Yellen Testimony Calls for Increase to the Federal Funds Rate
In the latest news, the Fed Chair Yellen testimony calls for an increase to the federal funds rate in her semi-annual testimony to Congress.
President Trump Tax Cuts Lead Mortgage Rates to Soar
Today, we saw the first action towards President Trump tax cuts with an announcement coming in two to three weeks.
Fed Raised the Outlook for Rate Hikes in the Future
At this week's meeting, the Fed raised the outlook for rate hikes in the future when it raised the federal funds rate by 25 basis points.