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While the major economic data released this week caused little reaction, surprisingly dovish (in favor of looser monetary policy) comments from a Fed official were favorable for mortgage markets. As a result, rates ended the week lower. Prior to this week, Fed...
Quite simply, the highly anticipated inflation data released this week was lower than expected, which was great news for mortgage markets. Consumer spending also slowed sharply from last month. As a result, rates ended the week lower. The Consumer Price Index (CPI) is...
During a very light week for economic reports, market moving events were scarce. After falling sharply last week, mortgage rates ended just slightly higher, still far below their recent peak. Since the beginning of 2022, the Fed raised the federal funds rate at eleven...
Weaker than expected economic data and a lack of surprises from the Fed initiated a large rally for mortgage markets this week. In particular, the key Employment report and the manufacturing sector data saw downside misses, causing investors to reduce their outlook...
With major inflation data, the GDP report, and a European Central Bank meeting, it was a volatile week for mortgage markets. These influences were mostly offsetting, however, and mortgage rates ended slightly lower, but still remain near the highest levels in over two...
