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The US Fed tightened monetary policy by a massive amount this week at its meeting on Wednesday, and other global central banks also have been taking aggressive steps to fight inflation. As a result, mortgage rates reached their highest levels since 2008. As expected,...
Inflation remained the focus for investors this week, and the latest readings came in stronger than expected, at or near the highest levels in decades. The European Central Bank also revealed a more aggressive stance to fight inflation. As a result, mortgage rates...
Increasing concern that the pace of global economic growth may be slowing was favorable for mortgage markets this week. The major economic reports and Fed minutes caused little reaction. As a result, mortgage rates ended the week a little lower. Several factors have...
The major economic data released this week was roughly in line with the expected levels and caused little reaction. Tough talk from the Fed on fighting inflation also had little impact, and mortgage rates ended the week a bit lower. In April, retail sales rose a...
With a wide range of major economic news, it was an extremely volatile week. The actions by the Fed were in line with investor expectations and the Employment report came in very close to the consensus forecast, but mortgage rates ended the week even higher. As...
