As you've seen over the past month interest rates have gone up over 40bps and there has been a lot of volatility in the stock market as well. It might feel like there is no end to the rise in interest rates as they are now up almost 75bps since July.
Today we are going to talk about what is happening with interest rates. As you've probably seen, longer-term interest rates and more specifically mortgage rates have been steadily climbing in the new year.
Jason Obradovich, EVP of Capital Markets at New American Funding, is back with another edition of Mortgage Rundown. Today, he talks about the FOMC status and how interest rates will stay the same but are expected to rise next month with a 90% chance of a Fed increase. Keep watching to stay informed, and be sure to stay tuned for the next episode!
In this week's Market Update, EVP of Capital Markets, Jason Obradovich talks about interest rates and inflation. Will rates move higher as we close out 2017? Watch the video and learn more about the current market and what to keep an eye on in the following weeks.
Don't look now but the 10yr yield is almost trading with a 1 handle. With the 10-year down 37bps on the year and now trading at 2.06%, 1.99% is just in sight. This is a psychological barrier that could spark a game-changing attitude about growth and the long-term prospects for rates.
Anyone who read an economics textbook from 1970 to 2000 most likely came across a chapter on inflation. Are we really in an environment where we need to fear inflation?
For rates to drop a few things would need to happen, but the big two are inflation and jobs. See what's in store!
It is without a doubt that if you were an investor in March of 2009, you should have bought stocks when uncertainty around the economic future thanks to the Financial Crisis was at its peak. Today marks the 8th anniversary of the "bottom".
The case for rates staying relatively low is somewhat backward facing but here are the main points to consider.
The first 100 days of the new administration begins as President Trump and his team race to action during this most influential time of his presidency.