What are the Consequences to escalatory remark(s) at the UN yesterday?
Threats of annihilation toward Iran, viewed by the markets as an escalation, s
Altro...
What are the Consequences to escalatory remark(s) at the UN yesterday?
Threats of annihilation toward Iran, viewed by the markets as an escalation, s
Altro...What are the Consequences to escalatory remark(s) at the UN yesterday?
Threats of annihilation toward Iran, viewed by the markets as an escalation, sent oil prices and yields higher (meaning higher mortgage rates).
A representative who met with Iran described the discussion as very productive, lasting three hours. Later today, the Iranian President will be speaking at the UN, we’re watching this closely.
Volatility is exactly what the market dreads. As you can see from the graph below (down means higher rates), any sense of instability drives yields higher, resulting in higher mortgage rates.
ICE Home Price Index for September show home values remaining stable during the month. Year over Year, home prices nationwide are up 1.41%.
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