Mortgage Rates for Chicago

The Equation as I see it…..

Investors Skeptical about how much further the market can go up
+ A Global Economy that has suffered some challenges lately (Dubai anyone?)
+ the fear that the Fed will start raising rates soon.
= Pressure on the stock market and more people buying Treasuries which pushes prices down and rates up.

Hmmm…..

Tom Vanderwell

Dollar May Continue Rising Even Without Fed’s Help – CNBC

More investors—nervous about the global economic recovery and skeptical about how much further stocks can rise—are beginning to turn to the dollar as a safe haven. That has boosted the dollar’s value in recent days and led to speculation that the rebound may continue, regardless of what the Federal Reserve does with interest rates.

Ironically, the shift in sentiment was triggered partly by Friday’s better-than-expected employment report, which served a dual purpose: it reinforced the notion that the job market is still tight but raised fears that the Fed could start raising interest rates again.

The rising dollar has sent both stocks and commodities lower. And analysts see stronger signs that investors are moving away from those more risky investments and into the safety of the dollar and US Treasurys.

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