Goldman Sachs Fruad scandal keep the volatile rate rollercoaster going

The news that Goldman Sachs played an essential role in what the Securities Exchange commissioner has deemed fraud continues the volatility in the market. The fraud was perpetrated by Goldman Sachs being accused of selling securities they knew would certainly go belly up. This analogy I heard explains it perfectly: Imagine knowing that the building components of a home will cause it to burn down inevitably and then allowing the home to be built and then sold to an unsuspecting homeowner. Meanwhile betting the home will definitely burn down and getting fire insurance to cash out on it as well. Pretty scandalous if you ask me! Anyhow this news has caused continued volatility in the stock market down while helping bonds and in turn helping the mortgage rates to drop a bit for my clients to lock better rates!