The financial markets are freaking out. That should be good for mortgage
Briefly

from www.housingwire.com8 months ago
The turbulence in the financial markets is expected to benefit the U.S. mortgage market due to interest rate declines following the Federal Reserve's hint at cuts and a weaker jobs report.
www.housingwire.comhttps://www.housingwire.com/articles/the-financial-markets-are-freaking-out-that-should-be-good-for-mortgage/
Market analysts point to a significant move in bond yields, with the 10-year Treasury yield hitting a low not seen since June 2023, indicating recessionary signs.
www.housingwire.comhttps://www.housingwire.com/articles/the-financial-markets-are-freaking-out-that-should-be-good-for-mortgage/
Expectations for multiple rate cuts by the Federal Reserve have surged, with the market pricing in a strong chance of a 50 bp cut in September, leading to mortgage rate predictions.
www.housingwire.comhttps://www.housingwire.com/articles/the-financial-markets-are-freaking-out-that-should-be-good-for-mortgage/
Read at www.housingwire.com
#recession #financial-market-turbulence #mortgage-market #interest-rate-cuts #federal-reserve-actions
[
|
]