Trade tensions with China may be a boon to the U.S. housing market. Investors are rushing into the relative safe-haven of the bond market, cause the yield on the U.S. 10-year Treasury to plummet. Mortgage rates loosely follow that yield.
The U.S. manufacturing purchasing managers index, or PMI,, according to a Thursday report from financial data firm IHS Markit. This was a sign to financial markets that the trade battle could be slowing the U.S. economy.
"Lenders will be repricing for the better," said Matthew Graham, chief operating officer at MND. "The resulting rate sheets will put us right in line with the lowest rates in more than a year ." Home buyers are incredibly sensitive to rate moves in today's housing market because home prices are so high. With very little wiggle room in their wallets, buyers have to be able to make the math work on the monthly payment. Just a half percentage point move can mean $100 a month more or less on a $300,000 mortgage.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Trade Turmoil Makes U.S. Investors NervousSome notable U.S. investors are buying Treasurys and planning to sell stocks, saying China trade tensions could threaten the 10-year bull market.
Read more »
Dow tumbles 300 points as investors brace for a protracted U.S.-China trade standoffU.S. equities are in retreat as a U.S.-China trade spat simmered and the Fed failed to give stocks a lift from the minutes of the latest meeting.
Read more »
U.S. stock futures drop as China trade spat continues to unsettle investorsWall Street was setting up for a bumpy session on Thursday as a U.S.-China trade spat simmered and the Fed failed to give stocks a lift from the minutes of the latest meeting.
Read more »
Trading a Trade War: ‘Markets Don’t Appear Ready for That’How do you trade a trade war? A previously abstract question is becoming more pressing for investors as U.S.-China trade relations fray. Here are ways they are adapting.
Read more »
Forget trade deficit, here's the number that tells a different story of US-China tradeCNBC's Steve Liesman joins 'Squawk Box' with a report on what experts are saying about how the trade war is affecting the economy and how U.S. foreign affiliate sales, total sales of U.S. companies in China, plays a huge part of the story.
Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff...
Read more »
Senate considering South China Sea sanctions on China as massive trade war rattles relationsThe legislation would force the government to seize financial assets and revoke or deny visas of individuals involved in expansionary Chinese policy.
Read more »
European markets set to open lower as US-China trade worries weighPolitics are also a central focus as voting in the EU elections begins and Brexit uncertainty continues to dampen investor sentiiment.
Read more »
Stock-index futures point lower as China casts doubt on further trade talksStock-index futures point to a lower start for Wall Street Friday as a bounceback from a rout inspired by the U.S.-China trade battle appears in danger of...
Read more »
US-China trade war hurts workers with lower salaries the most, WTO director saysAn intensifying U.S.-China trade war is negatively impacting every country in the world, according to the WTO, with workers earning lower salaries most likely to be hit the hardest.
Read more »
Investors run for safety amid threat of broader U.S.-China spatGlobal stocks were slightly lower on Wednesday as investors sought safety in bon...
Read more »