TAX REFORM OBSTACLES STARTLE RATES
Overall it was a slow news week outside of one or two attention grabbing headlines. The market was closed on Friday in observance of Veterans Day, leaving rates unchanged since the end of last week. Tax reform seems to be at the center of the conversation currently. It appears the bill being proposed by the Senate includes stark contrasts when compared to the blueprint previously outlined by President Trump. Concerns a tax reform bill will not be passed by the end of the year contributed to stock market declines, and overall uncertainty about economic stimulation into 2018. A sense of urgency for this plan to be in place by the end of the year is apparent, however this likely will not have any consideration from the Federal Reserve about another rate hike in December.
Thank you to all the Veterans for their service to our country. It is because of you we have the opportunity to help families pursue the American Dream of raising a family in their own home. Thank you!