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Tensions About Global Crises Shake Equity Markets

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

It took an awful lot of losses in the stock market to yield just a 12 point gain in mortgage backed securities today.  Concerns about China, trade wars, higher inflation and a possible government shut down sent equities reeling.  The yield on the 10 year Treasury fell to 2.82% as a result.  The good news is that people tend to buy houses when the labor market is strong nand when the GDP and confidence are rising.  The Dow lost 742 points today.