With allegations surrounding Trump around his relationship with Russia, investors sold stocks and invested in bonds. As a result, the stock market took a dive on Wednesday with a slight recovery on Friday. With Trump tied up in drama, he’s making little progress on moving forward the business-friendly legislation he promised on the campaign trail. If he continues on this path, I expect we will see some economic weakening until he turns it around. The upside is that the Fed is likely to try to buffer the situation by not being too aggressive on moving rates up. Net-Net, I do not see massive rate movement on the horizon.
Geoffrey Davis – Mortgage Loan Consultant
First United Bank & Trust
6401 S. Custer Rd.
McKinney, TX 75070