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During a light week for economic news, investors focused their attention on the CPI inflation data on Thursday. However, this report contained no surprises, and mortgage rates ended the week a little lower. The Consumer Price Index (CPI) is a closely watched inflation...
With little major economic news this week, and several key events on tap for next week, mortgage markets were relatively quiet. As usual, trading volume has been declining as we approach the end of the year. Mortgage rates ended the week slightly higher. The most...
The investor outlook for inflation, economic growth, and future Fed policy remained relatively stable this week. As a result, mortgage rates ended nearly unchanged. Hurt by higher mortgage rates, sales of existing homes fell for the ninth straight month in October to...
While the election results had little impact on mortgage markets this week, the CPI report on Thursday caused an enormous reaction. It revealed that inflation was lower than expected, and mortgage rates declined substantially. The Consumer Price Index (CPI) is a...
There were two major economic events on tap this week, but only one produced much reaction. The Fed meeting on Wednesday caused investors to raise their outlook for monetary policy tightening, pushing bond yields higher, while the highly anticipated labor market data...
