HomeLoan123

Jobs, Fed, Trade

Friday, Aug 2, 2019 By HomeLoan123.

Despite key labor market data and a highly anticipated Fed meeting, it was unexpected news about the trade negotiations which had the greatest influence on mortgage rates this week. Increased trade tensions are positive for rates, and they ended at the lowest levels in years.

Thursday, President Trump announced that the U.S. will impose additional tariffs of 10% on $300 billion of goods imported from China beginning on September 1. Trump said that the action will be taken …