December 17th, 2016 3:37 PM by Richard T. Cirelli
week I wrote about the Trump Effect on mortgage rates as we've seen about
a .50% rise in mortgage rates since the morning of the election. If you
missed it, here is a link:
I'd also like to thank the many people that sent such positive feedback
on the article. I always welcome your comments.
The stock market continues to enjoy the "Trump Bump" with the
S&P 500 up over 3% since the election as money managers rotate funds
from bonds (including Mortgage-Backed Securities) to stocks when the
stock market is rising.
Optimism over an improved economy under the Trump Administration is not
the only factor that influences mortgage rates. The potential for
inflation and the future decisions by the Fed are also weighing on
interest rates right now too.
Review the information below for a better understanding of what drives