MMG Weekly Recap 2/28/20
by Bill Bodnar, on February 28, 2020 at 1:43 PM
Mortgage Market Guide's recap of what happened this week and why.
The ongoing fears surrounding the coronavirus have pushed U.S. Stocks off a cliff this past week while Bond prices surged, yields plunged, and home loan rates hit all-time lows. This story will continue to impact the markets, but there is a feeling that the selloff in Stocks could be overblown.
With such steep losses in Stocks in just 5 trading days, there could be a sharp reversal higher in the near-term. The U.S. economy is still strong but if the coronavirus spread gets worse, we could see lower yields and rates.
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