Barclays’ U.S. economists pushed out their forecast on the timing of a rate increase from the Federal Reserve to March 2016 from their earlier call of September in the wake of recent volatile market conditions due to anxiety about the Chinese economy.
Category: Top National News
Black Monday Hits Housing, Mortgage Finance Worse than Dow, NASDAQ
The Black Monday market collapse is hitting the stocks that drive the housing and mortgage finance economy worse than the major indices in early trading.
Will Wall Street’s Convulsions Impact Housing?
The one-two punch of a 1,000-point drop last week for the Dow Jones and another 1,000-point plunge in early trading this morning has been among the most dramatic negative activity seen on Wall Street in some time. But how does this tumultuous activity impact the U.S. housing market? David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), stated that the display of Chinese shakiness serves to highlight the economic stability on this side of the Pacific.