search
search
Mixed Labor Market Data

Mixed Labor Market Data

Investor concerns about stubbornly high inflation levels and the aggressive response by global central banks increased this week, while the major economic reports were roughly neutral overall. As a result, mortgage rates ended the week higher. The closely watched...
No Surprises From Powell

No Surprises From Powell

Neither a speech from Fed Chair Powell nor the economic data caused much reaction this week. Mortgage rates ended a little higher. In a highly anticipated speech from the Jackson Hole economic summit, Fed Chair Powell warned that the consequences of not fighting...
Inflation Moderates

Inflation Moderates

Two opposing forces influenced mortgage markets this week. Lower than expected inflation data was very welcome news to investors, but an aggressive tone from the Fed was not. The net effect was that mortgage rates ended the week nearly unchanged. The Consumer Price...
Strong Job Gains

Strong Job Gains

Stronger than expected economic data was unfavorable for mortgage markets this week. In particular, the key labor market report far exceeded the forecasts, and mortgage rates ended the week higher. The closely watched Employment report released on Friday displayed...
GDP Declines

GDP Declines

Economic growth during the second quarter was weaker than expected, which was favorable for mortgage markets this week. The Fed meeting revealed no surprises and caused little reaction. As a result, mortgage rates ended the week a bit lower. As expected, the Fed...