Mortgage Rates Today, Nov. 20, 2024: Putin Fails to Spook Markets
Markets can be highly sensitive to geopolitical scares. So, how come they barely blinked yesterday?
21 hours ago 2 MIN
Markets can be highly sensitive to geopolitical scares. So, how come they barely blinked yesterday?
Nobody still has a clue what a Trump presidency will mean for the economy. But optimists and pessimists seem to be learning to live with the uncertainty.
Chances are, movements in mortgage rates this week will be driven mainly by markets continuing to get their heads around the election's implications.
The Federal Reserve is reviewing its plans for future cuts to general interest rates. And that could affect mortgage rates, too.
Mortgage rates barely moved yesterday. But has Wall Street's giddiness passed? Or is there more volatility to come?
Markets are again sensitive about inflation. Today's consumer price index could push mortgage rates either way.
How might this week's economic reports affect mortgage rates? And why are we pessimistic about those rates' long-term fate?
Yesterday's appreciable drop in mortgage rates was unexpected. So, what caused it?
