Continuing concern about the pace of global economic growth was good for mortgage rates and negative for stocks this week. The major U.S. economic data and the Fed meeting were smaller influences, and mortgage rates ended the week lower. As expected, the Fed raised the federal funds rate by 25 basis points on Wednesday. The […]
Industry News
Market Updates – 12/14/2018
While a lot of volatility again was seen in the stock market, it was a relatively quiet week for mortgage rates. The major U.S. economic data came in on target, and there were no surprises from the European Central Bank. As a result, rates ended with little change. Consumer spending accounts for about 70% of […]