Special offer

Negative Rates and Another Mercurial Day

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

S & P futures were pointing upward early but steadily lost ground leading into the open of equity trading.  With oil continuing to trade under $30 per barrel and the International Energy Agency calling for continued easing of demand this year, stocks once again faded early.  The was down 145 points and then up 100.  As the Japanese note slipped down to a negative rate, the Fed warned banks here to prepare for negative rates.  After all that the Dow closed down 12 points.  What a world!

Comments (2)

Sara Brosier
Silvercreek Realty Group - Boise, ID
Boise ID Realtor

Yikes....this can't be good for reverse mortgages! 

 

Feb 09, 2016 08:00 AM
David Alan Baker | Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

While i try to follow, I must say, I'm lost.  I guess it is wait and see what happens

Feb 09, 2016 12:10 PM