Wednesday’s executive order by President Donald Trump to place a tariff on all foreign imports was a follow-up on repeated promises to enact global reciprocal tariffs. The so-called “Liberation Day” activity will have an outsized impact on the direction of mortgage rates and the U.S. economy. Earlie

Wednesday was a busy — and unusual — day for Brian Covey. He started it at Revolution Mortgage, where he’s been EVP of strategy and development since late 2022, and ended it at CrossCountry Mortgage. “What I’ve learned is, the most important thing is your vision and that your values align,” Covey sa

Liberation Day has finally arrived, and what a wild day it’s been! The bond market and stock futures rose when the initial discussions about the 10% tariffs hit the market. But the real game changer? Those anticipated reciprocal tariffs sent the 10-year yield plummeting from 4.23% to 4.11%, currentl

President Donald Trump followed through on months of threats to enact global “reciprocal” tariffs Wednesday afternoon by announcing an executive order that places a tariff on all foreign imports. Under Trump’s new tariff structure, there will be a baseline tariff of 10% on all imports, while many co