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 Mexican trade deal agreement caused market volatility. However, the net effect of all the news remained minor.
This week, the real estate market faced mixed new home sales data while the trade tensions left a positive effect for mortgage rates.
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.
Currently, the United States faces loathsome housing market conditions. Throughout this year, the housing market displayed disappointingly.
This week, a provocative selloff saw stocks fall suddenly. Additionally, the Dow Jones plummeted than 1,000 points.