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.
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.
Italy Confronts Referendum to Speed Up Lawmaking & Stabilize Its Government
Next Sunday, Italy confronts a referendum presented by the Prime Minister to speed up lawmaking and to stabilize its government.
Brexit Vote on Thursday to Play Tremendous Role on Rates
This week, the world watches for Thursday's Brexit vote. Analysts anticipate that the vote leaves a tremendous impact on mortgage rates for years to come.