Trade Talks Face Hurdles as China Takes on New Concessions
The United States-China trade talks face hurdles, generating a favorable impact for mortgage-backed securities this week.
The United States-China trade talks face hurdles, generating a favorable impact for mortgage-backed securities this week.
This week, investors focused on international events as the eye-opening Brexit vote looms and United States-China trade deal makes progress.
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
After a large decline in 2019 to the lowest levels in several years, mortgage rates finally reversed the trend due to this week's reports.
This week, the Core Consumer Price Index showed inflation on the rise. Overall, this reflected negatively for mortgage rates.
This week, the Mexican trade deal agreement caused market volatility. However, the net effect of all the news remained minor.
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
The latest data saw GDP triumph over forecasts, reflecting stronger economic growth this quarter and an unfavorable reaction for rates.
As the latest core CPI report reflects steady inflation, investors received little major news from the Fed meeting after a quiet week.
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.