The stock market ended this week with an upswing at all three major indices saw double-digit wins. The market is closed today in observance of Good Friday. The S&P 500 raced to finish up more than 1% Thursday putting it up more than 12% for the week. This has been …
Read More »This week saw the worst day for Wall Street since 1987 and trillions of dollars of stimulus being pumped into the economy, leaving investors and Americans wondering what twist would be around the next turn. The continued fear of the spread of coronavirus COVID-19 has led to extensive economic fallout, …
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3 minute read With the world in quarantine with the ongoing coronavirus pandemic, the stock market is in bear market territory, sending interest rates even lower. A year ago today, March 17th, 2019 interest rates on a 30-year fixed-rate loan was 4.25% (that’s historically low) Today it’s 3.25%! If you’re …
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An incredibly volatile week on the stock market spurred an all-time low for both the benchmark 10-year Treasury note yield and Freddie Mac’s 30-year fixed-rate mortgage average. A lot happened this week so let’s take a look at the highlights: Dow stays in correction due to virus fears and political …
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How badly is the coronavirus epidemic damaging the global economy? How much is the resulting COVID-19 illness hurting U.S. businesses and consumers? Here’s an ongoing MarketWatch update on what the economic VIPs are saying. • The Federal Reserve on Tuesday cut a key U.S. interest rate by 1/2 a percentage …
Read More »Reading Time: 3 minutes An odd end to the week as the stock market dropped and analysts don’t seem to understand exactly why. The Dow Jones dropped 150 points midday Thursday before rebounding slightly, and the benchmark 10-year Treasury note yield dipped to 1.486% in early trading Friday morning. The …
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Reading Time: 2 minutes The spread of the coronavirus across mainland China, and internationally, continues to take up space in markets. More than 60,000 cases of the coronavirus have been confirmed in China with more than 1,300 deaths associated with the virus in the country. There have been 15 confirmed …
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Reading Time: 2 minutes What a week. The headlines with market-moving potential came fast and furious this week as a host of political, economic and global issues gave investors cause for both concern and celebration. Meanwhile, mortgage rates continued to fall. First, the January jobs report on Friday suggested the …
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Reading Time: 2 minutes The coronavirus has officially made its mark in the United States with the Centers for Disease Control reporting its first case of human-to-human transmission. So what does that have to do with your mortgage rates? That news from the CDC caused the Dow to drop by …
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