Focus on the Fed Influences Mortgage Rates This Week
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.
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.
Provocative Selloff Sees Stocks & Dow Fall Suddenly
This week, a provocative selloff saw stocks fall suddenly. Additionally, the Dow Jones plummeted than 1,000 points.
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.
Focus on French Election Spikes Volatility in Mortgage Rates
This week, mortgage rates faced volatility as there remained a strong focus on the French election with the vote on Sunday.
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.