Shashank Shekhar

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Last quote by Shashank Shekhar

After touching the lowest levels of the year last week, mortgage rates have since trended up. North Korea fears have been abated and damages by Irma and Harvey have been digested. Unless we get a black swan moment, something that shocks the stock market, I am not too bullish on mortgage-backed securities. This would mean a slightly higher mortgage rate in the coming week for the borrowers.feedback
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Sep 14 2017 North Korea
This page is completely dedicated to what Shashank Shekhar has to say. All of Shashank Shekhar’s quotes are organized here by date and topic. The most recent quote attributed to Shashank Shekhar came from an article called Mortgage rates soar to highest levels since early May: “Janet Yellen's remarks during her Semiannual Monetary Policy Report to the Congress turned out way more dovish than anyone expected. The report talks about inflation not being a major concern and softening the stance on unwinding the Fed's balance sheet. She also hinted at only a limited number of gradual rate hikes. All this, coupled with political upheaval around Trump Jr.'s meeting with Russian attorney, should bolster the mortgage-backed securities and help with a tad lower mortgage rate for the consumer.”.
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