Rising Inflation

Rising Inflation

Inflation concerns remained the primary focus for investors this week. The latest readings revealed additional increases, and mortgage rates rose to the highest levels since late 2018. The Consumer Price Index (CPI) is a closely watched inflation indicator that looks...
Fed Guidance

Fed Guidance

Investors were focused on Fed policy this week. The Fed plans to reduce its massive portfolio of bonds more quickly than expected, which was negative for mortgage rates, and they rose to the highest levels since late 2018. To review, the Fed loosens monetary policy to...
Unemployment Rate Falls

Unemployment Rate Falls

Volatility remained high for mortgage markets this week. The major labor market and inflation data came in very close to the expected levels, however, and the daily movements were roughly offsetting. According to the weekly survey from Freddie Mac, mortgage rates are...
Powell Surprises Investors

Powell Surprises Investors

The shockingly swift increase in mortgage rates continued this week, reaching the highest levels since early 2019. The cause is clear. Inflation has climbed to the highest levels in decades, and the Fed has started to tighten monetary policy to bring inflation back...
Fed Tightens

Fed Tightens

While investors continued to keep a close eye on the conflict in Ukraine this week, the primary influence on mortgage markets was growing concern about rising inflation and its effect on future Fed policy. At its meeting on Wednesday, the Fed indicated that it plans...