Wednesday , 27 January 2021

Mortgage Rates Back to 2017 Lows on Trump Tweet

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rates dropped today after news broke (first rumors, then confirmation via Twitter) that President Trump was disbanding his councils of CEOs. The move apparently came in response to attrition among several CEOs following Trump’s press conference on recent events in Charlottesville, VA. In not so many words, Trump disbanded the councils before any more CEOs had a chance to quit. Political turmoil– especially that which appears “anti-business” in any way–always runs the risk of hurting stocks and helping bonds. That’s exactly what happened today. “Helping bonds” in this context means higher demand for bonds among investors. Excess demand for bonds pushes rates lower. The market reaction to the Trump news overshadowed what was set to be the day’s big-ticket event up to that point–the…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Mortgage Rates Back to 2017 Lows on Trump Tweet



About Mortgage News Daily

Mortgage News Daily

Check Also

Wow! A Receptionist Who is Both Personable as Well as Professional!

At Appraisal Precision and Consulting Group, we answer the phone.  When I say “we”, I …