Welcome back dreammakers! In this episode of “Today in Mortgages,” we talk about the big stimulus package passed in China today. First, we review some of the things that can affect rates as mentioned in CBS News’ article “6 things that impact mortgage interest rates (besides the fed)” which includes labor, and global economic trends. Taking a deeper look at global markets, The Washington Post breaks down China’s stimulus package: “China moves to boost ailing economy with property, stimulus measures.” China is struggling with deflationary demand on housing. They have the opposite issue that we have with not enough demand. We don’t think this news should effect our market too much, we are living in a volatile time period right now, and it’s best to track labor to define the near interest rates. Listen in as we discuss this & more!

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