03/04/2025
This is not the reason we were hoping for that would cause Mortgage Rates to decrease...but when Investors get scared they pull from Stocks and move their investments to the safety of Bonds which in the end helps Mortgage Rates! Take a look!
📆 DAILY COMMENTARY
Rate sheets this morning will continue to slowly improve, and reprice risk on the day is low. Tariffs taking effect today on Canada, Mexico and China have markets rattled. Instead of driving concerns about inflation, traders now more worried about trade retaliation and the effect it will have on American businesses. Expectations that the economy 💵 and labor market will take a hit, with markets now pricing in 3 potential rate cuts by the Fed this year. As long as fear rules, the outlook for mortgage rates to move lower will continue.
The 10yr Treasury now at a four-month low 🎉 🙌 as traders panic over the intensifying trade war bludgeoning global 🌎 growth (credit Bloomberg for the wording on that one). The 'Trump trade' that pushed rates higher ⬆️ to end last year now falling apart as stocks plummet and bonds benefit." 👍
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