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The key events this week, stronger than expected labor market data and major central bank meetings in Europe, were negative for mortgage rates. As a result, rates climbed to the highest levels since early 2020. The closely watched employment report released on Friday...
The key event this week was the Fed meeting on Wednesday, and it caused investors to anticipate a faster pace of monetary policy tightening, which was negative for mortgage rates. The major inflation and economic growth data had little impact. As a result, rates...
With no major economic news, the investor outlook for growth and inflation remained the same this week. Mortgage markets experienced some daily volatility, but rates ended the week with little change. After three strong months, sales of existing homes unexpectedly...
Investors were focused on two major economic reports this week measuring consumer spending and inflation. While retail sales were much weaker than expected and CPI inflation a bit stronger, neither report caused much reaction, and mortgage rates ended the week with...
Concerned about higher inflation, investors began the year by pushing up bond yields. Wednesday’s more hawkish (in favor of tighter monetary policy) than expected Fed minutes then sparked another round of bond selling. As a result, mortgage rates ended the week...
