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Investors became less concerned about bank troubles and the debt ceiling talks this week. After responding to the initial increase in uncertainty in these areas by shifting to safer assets such as bonds, the easing this week produced the opposite reaction, which was...
Investors were focused on the inflation data this week. The results were right in line with expectations, and mortgage rates ended with little change. In April, the Consumer Price Index (CPI), one of the most widely followed inflation indicators, was 4.9% higher than...
With a wide range of major economic news, it was a volatile week for mortgage markets. The net impact of the significant economic data and the Fed meeting was relatively small, however, and mortgage rates ended with surprisingly little change. With troubles in the...
With a lack of major economic news, it was a relatively quiet week. The most significant economic reports came from the housing sector and were close to the expected levels with minor impact. As a result, mortgage rates ended the week with little change. In March,...
The economic data released this week pointed to slowing economic growth. Between aggressive Fed monetary policy tightening and uncertainty caused by troubles in the banking industry, consumers and businesses have tightened their belts, causing investors to reduce...
