economy

Talking Turkey: Markets react to tumbling Turkish lira

     
Talking Turkey: Markets react to tumbling Turkish lira

Financial markets reacted swiftly Friday morning to a currency crisis in Turkey, where the lira has tumbled to new lows against the American dollar. Simultaneously, President Trump has announced a hike in tariffs on Turkish metals as relations worsen between the two governments.

In the U.S., 10 Year Treasury yields fell below 2.9 percent for the first time in more than two weeks as bonds rallied on the global concern. Mortgage rates, which follow the 10Y, may edge lower in response.

Continue reading Talking Turkey: Markets react to tumbling Turkish lira at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

Learn more about movement