Much was made of the Trump administration’s tax plan, officially released this week. At first glance, it caused rates to spike in the middle of the week, abruptly derailing a decent recovery. But how much credit does it deserve?
Source: Kevin Litwicki Universal Lending
Rates Spike, Home Sales Slide, Blame The Tax Plan?
The Real Reason Rates Reacted to The Fed This Week
The Federal Reserve finally pulled the trigger on its much-anticipated balance sheet normalization plan. This was billed as big news–a major turning point in US monetary policy. While that’s arguably true, markets were far more interested in other parts of the Fed announcement.
Source: Kevin Litwicki Universal Lending
The Real Reason Rates Reacted to The Fed This Week
This Week's Rate Spike and The Risks Ahead
Last week, we discussed why rates keep breaking to new lows in 2017. This week we’ll take a closer look at why they abruptly spiked to the highest levels of the month, and examine the potential market movers on the horizon.
Source: Kevin Litwicki Universal Lending
This Week's Rate Spike and The Risks Ahead
Why Rates Keep Breaking 2017 Lows
After the presidential election last November, a clear narrative took root in financial markets. A Trump presidency was supposed to result in faster policy tightening at the Fed, more growth, more inflation, and higher rates. With each new move to 2017’s lowest rates, that narrative continues to unravel. This week provided a great example.
Source: Kevin Litwicki Universal Lending
Why Rates Keep Breaking 2017 Lows
Time To Be Concerned About Housing and Rates?
In the natural world and financial markets alike, September is a month of transition. This particular September holds some risks for the recently strong performance in mortgage rates. Meanwhile home sales numbers are increasingly sluggish. Should you be concerned?
Source: Kevin Litwicki Universal Lending
Time To Be Concerned About Housing and Rates?