The News Cycles Continue… What’s the Impact?

Filed under: Market Comentary

As a follow-up to last week’s topic, I’m still watching the news headlines to see what is going on in our country. These news stories impact the financial markets, which has an impact on interest rates – so I want to see what is going on because it affects the real estate and mortgage industries.

Two Main Headlines of the Week

This week, there have been two main headlines:

  • Ongoing Election Mayhem: We’ve all seen that the media has declared Joe Biden as president elect. That was the good news, from a financial perspective. It didn’t seem to have a big impact on the markets, which is good.
  • COVID-19 Vaccine: The newer headline is the announcement about a COVID-19 vaccine available in the next few months. The markets responded well to that, with upward movement happening after the announcement.

The equities markets are open today, and it’s the first down day this week – after a few big runups. Right now, the biggest news stories have been supporting positive movement in the markets.

Of course, time will tell what the future has in store. For the current moment, I think there’s cautious optimism about how things will be going in the upcoming months.

Happy Veterans Day

Happy Veterans Day to those who have served. Thank you for your service! I came from a Veteran family: my dad was in the navy for 20 years. There are lots of sacrifices that military families make, not to mention the danger they put themselves in while protecting our country.

If you’d like to talk to me more about the current happenings in the mortgage industry, then feel free to reach out any time. I’m here to chat over the phone, text, email, or social media – and I’d love to help you explore your options for buying or refinancing a home.

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