President Donald Trump is set to speak Wednesday at the World Economic Forum in Davos, Switzerland, and it’s already proving to be a catalyst for mortgage rates. Mortgage News Daily reported on Tuesday that 30-year fixed rates averaged 6.21% — up 14 basis points from Friday. HousingWire’s Mortgage Rates Center, which tracks locked loans across […]
Mortgage rate volatility returns ahead of Trump’s Davos speech Read More »
Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lows of 5.99% for a few hours on January 9th and spending last week in the low 6’s, the average top tier 30yr fixed rate is back up to 6.21% today. This matches the
Mortgage Rates Jump to Match Highest Levels in Nearly a Month Read More »
News of Pres. Trump’s upcoming remarks on housing at the World Economic Forum in Davos, Switzerland have stirred fresh speculation about the future of Fannie Mae and Freddie Mac, even as analysts say major policy shifts remain uncertain. Processing Content An exit from conservatorship for the government-sponsored enterprises is not expected to be part of
What Trump might say about housing during Davos meeting Read More »