The global threat of coronavirus has caused truly unprecedented chaos in the world’s financial markets. The mortgage market and interest rates are right in the middle of this craziness. There are some good things and some bad things about this current situation that all consumers should know. U.S. Treasury Yield Continue Reading →
With the growing threat of coronavirus throughout the world, financial markets have been reacting with some crazy swings lately. Earlier this week, the Fed announced yet another rate cut to try and spark a market comeback after major losses caused some panic. Treasury Yield Market Impact As of today, we Continue Reading →
The Federal Reserve has had a dramatic year. The U.S. Central Bank announced Wednesday that it will not be changing interest rates again this year, and it looks like they might hold steady in 2020, as well. Fed Rate Changes in 2019 The federal funds rate was raised nine times Continue Reading →
Recently, the Federal Reserve announced it will be making another rate cut. This was an expected move that was well-covered in the news. However, it has had an averse effect on the mortgage market. We’ve seen mortgage interest rates go up before and after this Fed policy change was officially Continue Reading →
All signs are pointing to another Fed rate cut next week. The Federal Open Market Committee (FOMC) will be meeting October 29-30. Even though the Federal Reserve has cut interest rates twice already this year in policy-easing measures, they are likely to approve another quarter-point reduction. This will take the Continue Reading →
