Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
Inflation Moderates as Investors Focus on Consumer Price Index Findings
As inflation moderates, investors focus on new consumer price index (CPI) findings. During a light week, they looked towards the CPI inflation report for guidance.
Breakthrough Job Gains as Labor Market Makes Vast Improvements
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
GDP Fell Short While Analysts Watch Inflation Reached a New Milestone
This week, GDP fell short for a roughly neutral takeaway while inflation reached a new milestone. Overall, analysts saw an abundance of news.
Home Sales Regain Ascension After Four Declining Months This Year
Despite seeing home sales regain ascension (after four declining months this year), this week didn't reveal significant economic news.
Investors Focused on Surging Inflation This Week
Investors focused on surging inflation this week. Recently inflation data exceeded expectations.
Unpredictable 2021 Actually Creates Mortgage Market Breakthrough
After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.
Service Sector Witnesses Fantastic Expansion While Rates Go Down
The service sector witnesses fantastic expansion while mortgage rates go down. Weekly economic news came out favorable for mortgage markets.
Strong Job Gains Drive Consumer Confidence Surge Despite Lower Rates
Key economic reports indicate that strong job gains drove a surge in consumer confidence. Bond investors displayed satisfaction.
Inflation Continues Its Epic Climb While Home Sales Rapidly Recover
The latest data shows that inflation continues its epic climb while home sales rapidly recover across the country. However, there was little economic news this week.
Fed Surprised Investors with New Projection Driving Rising Rates
This week, the Fed surprised investors with a new projection, driving rising mortgage rates. Coming into the week, investors laser-focused on Wednesday’s Fed meeting.
Outstanding Economic Rebound Slows Its Growth While Inflation Explodes
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.