Economic Shutdown This Year Fuels GDP Decline Despite the Recovery
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
This week, stocks plunged amidst the latest concerns regarding the coronavirus pandemic while investors shifted their to less risky assets.
As the housing sector picks up, mortgage rates remained relatively quiet this week as the trade negotiations with China offered little news.
Surprisingly, mortgage markets left this past week’s astonishing impeachments talks ignored after news of President Trump's inquiry.
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
August ended quieted as trade tensions eased this week. In the last week of the month, mortgage rates remained relatively stable.
This week, the real estate market faced mixed new home sales data while the trade tensions left a positive effect for mortgage rates.