Mortgage rates continued to spike this week in the aftermath of the election. Over the past few days, mortgage rates shot up to 4.02% on Tuesday, up nearly a percentage point since the presidential election, the rate spike is the highest since the 2013 and 1987 rate spike. The long-term interest rate hike was led […]
Presidential Election Fuels Uncertainty around Fed Rate Hike
Donald Trump took an aggressive tack during the recent presidential debate with Hillary Clinton. He also threw punches at Janet Yellen, saying the Fed chair was “obviously political” by keeping interest rates low and creating a false market in equities with its stimulus policies. The Fed chair dismissed Trump’s claims emphatically. Now, whether Trumps claims […]