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Over the past week, inflation data that overall was a bit weaker than expected offset stronger than expected consumer spending, and mortgage rates ended slightly lower. Economists had anticipated that the end of supplemental unemployment benefits for many people and a...
While the major economic data released this week was roughly in line with expectations overall, investors shifted to riskier assets, which helped stocks and hurt bonds. As a result, mortgage rates ended the week higher. The closely watched Employment report released...
This week, the European Central Bank announced the expected policy change in its bond purchase program. The other major economic news contained no surprises, and mortgage rates ended the week with little change. As expected, the European Central Bank (ECB) announced...
This week, the key labor market data revealed mixed results, and it was viewed as roughly neutral overall. The other major economic news contained no surprises, and mortgage rates ended the week with little change. The closely watched Employment report released on...
All eyes were on Fed Chair Powell on Friday for additional guidance on future Fed policy. Powell did not provide new information on specific timeframes for policy changes, however, and mortgage rates ended the week a bit higher. Near the start of the pandemic, the Fed...
