Market Update

Interest rates remain at historic lows, despite a roller coaster week

     
Interest rates remain at historic lows, despite a roller coaster week

The fallout from the COVID-19 pandemic continues to be the main driver behind the American economy. Another 1.48 million Americans filed initial unemployment claims over the last week, according to the Labor Department. Dow Futures sank on the news but gained back a little ground due to continuing jobless claims — that’s unemployment claims filed for two weeks in a row or more – dropping by more than 700,000. 

But two major developments regarding the banking industry sent Wall Street on a 24-hour rollercoaster ride.

Continue reading Interest rates remain at historic lows, despite a roller coaster week at Movement Mortgage Blog.

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