Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.
Category: Treasury Department
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Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
The New York Times – Business: -
How the Treasury Market Predicts and Influence Interest Rates
The New York Times – Business:The market for U.S. government bonds, called the Treasury market, offers predictions on the path for interest rates and the economy.
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S&P 500 Rebounds After a Week of Mixed Messages From Big Tech
The New York Times – Business:Investors, who have been closely watching company earnings reports for signs of economic headwinds, appeared to zero in on better-than-expected results from Apple.
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Could a Market Blowout Like the UK’s Happen in the US?
The New York Times – Business:Federal Reserve and White House officials spent last week quizzing investors and economists about the risks of a British-style meltdown at home.
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After UK Market Blowout, American Officials Ask: Could It Happen Here?
The New York Times – Business:Federal Reserve and White House officials spent last week quizzing investors and economists about the risks of a British-style meltdown at home.
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Treasury Dept. to Ask Insurers for Data on Climate Risks to Measure Coverage Affordability
The New York Times – Business:The department is proposing to gather information from across the country to establish where climate change is making property insurance unaffordable or inaccessible.
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Treasury Scrutinizes Florida’s Use of Relief Funds in Sending Away Migrants
The New York Times – Business:Gov. Ron DeSantis of Florida used interest that the state had accrued from stimulus money to send Venezuelan migrants by plane to Martha’s Vineyard.