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The last couple of weeks of December typically exhibits very light trading volume and limited investor reaction to economic news. This year was no exception, and mortgage rates ended a little higher than they were in the middle of the month. The core PCE price index...
This week was packed with major economic news, most notably US and European central bank meetings. While daily volatility was high, however, these influences were mostly offsetting, and mortgage rates ended the week a little lower. Early in the pandemic, the Fed put...
Investor concerns about the negative impact of the omicron variant on economic growth eased modestly this week, which was good for stocks but unfavorable for mortgage rates. The latest inflation data came in right on target and caused little reaction. Mortgage rates...
A wide range of major economic news caused an enormous amount of daily volatility this week. However, the various influences were roughly offsetting, and mortgage rates ended with little change. Investors have been trying all week to evaluate how large an impact the...
While the latest inflation report matched expectations, concerns about persistent price increases continued to weigh on investors, and mortgage rates ended the week higher. The core PCE price index is the inflation indicator favored by the Fed. In October, core PCE...
