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Consumer Spending Surges
For the third week in a row, stronger than expected major economic data was unfavorable for mortgage markets. First it...
Read MoreInflation Overshoots
Higher than expected inflation data was negative for mortgage markets this week. Inflation reduces the value of future cash flows,...
Read MoreJob Gains Defy Forecasts
Stronger than expected data caused investors to raise their outlook for economic growth this week, which was negative for mortgage...
Read MoreHigh Inflation
Stronger than expected inflation data was negative for mortgage markets this week. A shortfall in consumer spending was a distant...
Read MoreConflicting Data
The major economic data released this week sent a mixed message. On the one hand, inflation was significantly higher than...
Read MoreFocus on Fed Officials
While the major economic data released this week caused little reaction, surprisingly dovish (in favor of looser monetary policy) comments...
Read MoreInflation Moderates
Quite simply, the highly anticipated inflation data released this week was lower than expected, which was great news for mortgage...
Read MoreQuiet Week
During a very light week for economic reports, market moving events were scarce. After falling sharply last week, mortgage rates...
Read MoreJob Gains Fall Short
Weaker than expected economic data and a lack of surprises from the Fed initiated a large rally for mortgage markets...
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