It Was Great Seeing You at ACUMA! Let’s keep the momentum going. Ready to continue the conversation and explore partnership opportunities? Become a Partner.
The major labor market data released this week suggested that extremely tight conditions may be loosening more quickly than anticipated. This was favorable news for mortgage markets, and rates ended the week a little lower, down from the highest levels in decades. The...
Heading into the highly anticipated speech from Fed Chair Powell on Friday, mortgage markets were essentially unchanged for the week. In contrast to the large negative reaction last year, there was little movement this time, and mortgage rates remain near their...
Once again, the major economic data released this week contained few signs that the economy is slowing. As a result, Fed officials remained concerned about bringing down inflation and suggested that the federal funds rate may need to rise even more. Against this...
If the goal of Fed officials was to avoid any surprises at the meeting on Wednesday, they succeeded, completely sticking to the expected script. They raised the federal funds rate by 25 basis points to a target range of 5.25% – 5.50%, the highest since 2001, and...
Major economic news this week was very straightforward and favorable for mortgage markets. The latest inflation data was lower than expected, causing rates to decline significantly. Inflation is negative for mortgage rates because it erodes the future purchasing power...
