Dow Jones soars to all-time record highs

The Dow Jones Industrial Average rose to its highest level ever, fueled by the fastest profit growth since the 1990s and easy monetary stimulus from the Federal Reserve‘s monetary policies. 

“Psychologically, it may give a sense that we have recovered a tremendous amount from the depths of the crisis,” said Wasif Latif, vice president of equity investments at USAA Investments. “On the other hand, it could create a sense of nervousness that we reached an all-time high, so how much more is there to go?”

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What happens next for mortgage lenders after the Fed rate cut? 

The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days?

3d rendering of a row of luxury townhouses along a street

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