Market Updates
Panic surrounding spread of the coronavirus and the global economic fallout have stocks plummeting. Investors seeking safe havens have turned to bonds, improving mortgage rates. The 10yr Treasury yield has reached record lows, falling below 1.0% for the first time in...
Market Updates
Concerns about the global economic fallout of a spreading coronavirus continue to cause stocks to plummet and bond yields to drop, helping keep mortgage rates low. The economy grew moderately in the 4th qtr, but slower than initially reported. Consumer spending, which...
Market Updates
Investors are increasingly worried about the spread of the coronavirus outside China. Concerns over the economic impact of the virus are helping rates remain low. Producer prices increased by the most in more than a year in January, but most of the uptick appeared to...
Market Updates
Fed Chair Powell gave his semi-annual testimony before Congress. He said the Fed is “closely monitoring” the coronavirus for potential effects on the worldwide economy. Investor fears of the global economic impact of the coronavirus have helped keep...
Market Updates
Manufacturing activity rebounded in January, with the ISM index at its highest level since July. The improvement likely reflects ebbing trade tensions with China. Fears of a slowdown in the global economy caused by the coronavirus are dissipating. Stocks have...
Market Updates
The Fed left rates unchanged this week, as was expected. Fed Chair Jerome Powell signaled the central bank would adjust policy as needed to support 2% inflation. The deadly coronavirus that started in China continues to spread. Concerns over the economic costs of the...
Market Updates
Stocks across the globe are taking a hit this week as investors react to mounting concerns about a deadly virus in China and its effect on travel and spending. President Trump is threatening more tariffs on European auto imports if the bloc doesn’t agree to a...
Market Updates
This week the U.S. and China signed the ‘phase one’ trade deal, an event that helped drive global stocks to record highs. Talks will now begin on a ‘phase two’ deal. Consumer prices rose slightly in December, but underlying inflation pressures...
Market Updates
Activity in the services sector rose slightly in December, climbing to 55 from 53.9 in November, as businesses felt relieved by a partial trade agreement with China. The U.S. trade deficit fell more than expected in November, hitting the lowest level since President...
Market Updates
Rates, including those for mortgage loans, hovered near historic lows in 2019 and helped propel the stock market to record highs. Stocks in 2019 gained almost 29%, the most since 2013. Confidence among consumers climbed to the highest level in 5 months in December, as...
Recent Comments