Powell: Fed Will Slow Bond Purchases in Q4
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. The Fed’s move...
Shutdown Could Drag on Mortgage Market for Extended Period
As suddenly as the economy shut down in March and unemployment levels spiked, any recovery will likely occur in phases, experts say. And with the possibility of high unemployment continuing, the mortgage industry could see effects from the coronavirus pandemic lasting...
Trump’s Trade War Could Lead to Lower Mortgage Rates
Wall Street’s anxiety over the Trump administration’s trade war with China could herald lower mortgage rates for homebuyers. Investors fearful that the trade war could sharply slow global economic growth have been buying bonds, sending the yield on the 10-year...This Week’s Paper: Digital Edition
