Another Shutdown Ended With Another On The Horizon! This Plays Into The Reasons Why Mortgage Rates Are Staying Higher For Longer!
I taped this video today because I am disgusted by the status quo in Washington! And I don’t say that as a Republican or as a Democrat.
I say that as a very concerned citizen!
The more we watch the lack of leadership in Washington, the more we have come to realize that it has become a caricature of the classic clown car, where 15 people, all clueless, emerge from a Volkswagen bug.
When it comes to bond yields, I also say this as a former bond analyst and bond trader for some of the formerly biggest firms on Wall Street…
Number one: Elections, whether local, state, or federal, have consequences!
Number two: ‘The bond market is its own animal, often called the ‘smart Money’, and it will drive longer-term yields to a level that traders and investors feel is commensurate with economic, inflationary, political (i.e. buying mortgage-backed securities), and geopolitical risks.’ (https://open.substack.com/pub/hallmarkabsservice/p/post-fed-decision-when-1-equals-700?utm_campaign=post-expanded-share&utm_medium=web).
You can read ‘A Government Shutdown! What Does Know-Like-Trust Have To Do With Interest Rates?’ for more context here:
https://open.substack.com/pub/hallmarkabsservice/p/a-government-shutdown-what-does-know?utm_campaign=post-expanded-share&utm_medium=web
Kevin Warsh, the nominee for Federal Reserve Chair, has been an inflation hawk in the past, but it’s hard to predict what he will be if he gets past Senate confirmation.
We’ve written extensively on this subject, and you can read some of the articles at the link below.
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Read ‘Post-Fed Decision: When 1% Equals $700 Billion, And Why Mortgage Rates Are At Risk!’ here
https://open.substack.com/pub/hallmarkabsservice/p/post-fed-decision-when-1-equals-700?utm_campaign=post-expanded-share&utm_medium=web
Read ‘Why Trump’s Selection Of Kevin Warsh For Fed Chair, Raises Questions About Interest Rates’ here
https://open.substack.com/pub/hallmarkabsservice/p/why-trumps-selection-of-kevin-warsh?utm_campaign=post-expanded-share&utm_medium=web
Questions, thoughts or comments about this topic?
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Reach out using the contact information below…
Michael Haltman
CEO | Hallmark Abstract Service
[email protected]
Office: (516) 741-4723 (Headquarters) | (646) 741-6101 (NYC)
Mobile: (516) 521-3499
Board Chair, Heroes To Heroes Foundation
Host, Do You Ever Wonder Podcast
“Earning Your Trust, One Transaction at a Time.”
#mortgagerates #realestate #politics #governmentshutdown #interestrates
#dysfunction
