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Rising COVID case counts, particularly in Europe, outweighed stronger than expected consumer spending data this week, and mortgage rates ended a little lower. To help reduce the spread of COVID, Austria announced on Friday that it will impose a national lockdown again...
Much stronger than expected key inflation data was negative for mortgage markets this week, and rates ended higher. The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at price changes for a broad range of goods and services. Core CPI...
It was a packed week for economic news, highlighted by key labor market data and a Fed meeting. When the dust settled, mortgage rates ended the week a little lower. The closely watched employment report released on Friday modestly exceeded expectations. Against a...
As anticipated, the GDP report released this week reflected the negative impact of the pandemic and supply chain issues on growth, and the latest inflation data matched expectations. Mortgage rates ended the week slightly lower, ahead of the upcoming Fed meeting. The...
Although there was little major economic news released over the past week, mortgage rates continued to rise, as investors worry about higher inflation. Sales of existing homes in September rose 7% from August but still were a little lower than a year ago. Inventory...
