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This week, investors scaled back their outlook to a slightly less aggressive pace of monetary policy tightening by global central bankers to fight inflation. As a result, mortgage rates ended the week lower. The PCE price index is the inflation indicator favored by...
This week, the highly anticipated labor market data did not ease investor concerns about inflation and additional Fed rate hikes. As a result, mortgage rates ended a bit higher. While most of the closely watched Employment report released on Friday was right in line...
It was another extremely volatile week for global financial markets, largely due to offsetting events in the UK, but the net result for US mortgage markets was small. According to the most recent Freddie Mac weekly survey, average mortgage rates have risen a shocking...
The driving force behind the movement in mortgage rates in recent months is clear, and the latest news was not favorable. In the highly anticipated CPI report, inflation was much higher than expected, and mortgage rates predictably climbed. The Consumer Price Index...
During a light week for economic data, investors were focused on U.S. and European central bankers. There were no surprises from the European Central Bank (ECB) or U.S. Fed Chair Powell, however, and mortgage rates ended the week with little change. With inflation...
