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Posts Tagged ‘ sets ’

“Mortgage Rates Drop Quickly as Market Panic Sets In”

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“Mortgage Rates Drop Quickly as Market Panic Sets In”

We could see a 3 handle for mortgage rates tomorrow. From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in More Than a Month Mortgage rates dropped quickly today as global financial markets underwent a volatile shift. When money is flowing out of stocks and into bonds (as it was today) rates move...
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Swiss National Bank sets minimum exchange rate

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Swiss National Bank sets minimum exchange rate

This is a strongly worded statement from the SNB: Swiss National Bank sets minimum exchange rate at CHF 1.20 per euro The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development. The Swiss National Bank (SNB) is therefore aiming for...
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