Mortgage News

The Markets in a Minute - November 11

November 11th, 2016

For the Week Ending November 11, 2016
 

 

 

 

Markets worldwide reacted to Trump's victory, causing mortgage rates to rise. The reaction was to his proposed economic policies, not his political agenda.
 
Initially markets were expected to react negatively to Trump's win. Instead stocks rallied and bond yields skyrocketed on early belief that inflation will follow.
 
The Fed is now overwhelmingly expected to raise policy rates at their December meeting. However, the Fed's decisions have not failed to surprise in the past. 
 

Speculation abounds on the effect a new administration will have on the housing market. However, low rates and a strong labor market support improvement.
 
Technology continues to advance on using 3-D for home tours. Realtor.com currently supports links to 3-D and is gearing up to integrate 3-D tours into its site.
 
Construction job openings continue to rise as residential construction grows. Home builders have added 140,000 new jobs on a net basis in the last 12 months.

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

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