There's an incredible amount of uncertainty that's been building within the stock market since the start of the year, exacerbated by a new administration's unpredictable policies.
Merrill Matthews predicts the 'two likely results' of the LA fires, suggesting that thousands of displaced Californians may choose to relocate to red states or push to remove incompetent local officials, as seen in prior recall elections.
"The 30-year fixed-rate mortgage moved down this week, but not by much," said Sam Khater, Freddie Mac's Chief Economist in a statement. "Rates have been relatively flat over the last few weeks as the market waits for more clarity on specific economic policies."
During her acceptance speech at the Democratic National Convention, Vice President Kamala Harris's affiliation with socialists highlighted their party's struggle to present a unified front to independent voters, raising questions about the party's identity.