Mortgage Rates Modestly Higher Ahead of Trump Speech

Mortgage rates today, February 15, plus lock recommendations Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase.. February 25, 2019, plus lock recommendations.

Mortgage Rates Modestly Higher Ahead of Trump Speech Mortgage rates moved higher today in most cases, but not by much. More interesting is the fact that rates held their ground.

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But the modest rate increases this year and last have put a huge dent in the refinance market, reducing a major source of lending activity. Mortgage refinances, which approached $1 trillion in 2016, are on track to reach only $600 billion this year and will fall to $430 billion by 2018, Fratantoni said.

Trump Just Cut Mortgage Rates For You. May 18, 2017 12:26 PM ET. Mortgage rates benefited and so your cost of borrowing is lower now.. So if you are in the market for a mortgage today, you.

Things like Trump-fueled Treasury surge and the so-called Trump Effect, all driving mortgage rates higher. And it’s not just fodder, it’s true. Since the election results came in last Tuesday night, mortgage rates have been on an upward tear, which clearly isn’t good news for those looking to secure a mortgage.

World markets took a hit overnight on fading prospects of big cuts in US interest rates, and is rubbing off on. Oil prices.

Mortgage Rates Modestly Higher Ahead of Trump Speech. If today’s rate sheets were based solely on this morning’s market movement, rates would be slightly lower compared to yesterday. But lenders still had to account for some of yesterday’s late day bond market weakness. Today’s modestly higher average rate is the net effect of this morning’s resilience and yesterday’s weakness.

In December, when it signalled further rate rises, Trump had been calling for a pause. After all, even a recent modest acceleration of wage growth does not seem to have produced higher inflation,

The dollar ticked higher on Wednesday as a handful of Federal Reserve policymakers boosted expectations for a March U.S. interest rate increase, just hours ahead of long-awaited speech by U.S.

US employers added robust 224,000 jobs in June, with unemployment rate rising slightly to 3.7% Jul 5 Trump pick for Fed says she does not want to harm investors

Global stocks edge cautiously higher ahead of today’s Fed rate decision, with investors expecting a fourth 2018 rate hike followed by a pause in the bank’s tightening cycle as the world economy slows.

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