Bank Failure Leads to Latest Plunge in Mortgage Rates
Bank failures in the US and Europe completely overwhelmed the economic reports in driving financial markets this week.
New Labor Market Data Pushes Fed Towards Aggressive Inflation Stance
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
Consumer Prices Rise To A Colossal 8.5% In Eurozone
Consumer prices in Europe leave investors disappointed, as they were hoping for signs that inflation is easing. As a result, mortgage rates climbed a bit to the highest levels since November.
February 2023 Mortgage Rates Now Reach November Highs
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
Mortgage Rates Climbed to the Highest Levels Since November 2022
Mortgage rates climbed to the highest levels since November. The spike is directly due to the major inflation data released this week. The data on inflation was stronger than expected.
January 2023 Consumer Spending Quickly Surges at Bars and Restaurants
This week’s major economic data revolved heavily around the January 2023 consumer spending report, which came in much stronger than expected.
High Inflation Not Going Anywhere According To Latest From Fed
High inflation has investors mostly taking their cue from the Fed during a very light week for economic data
Labor Market is Surprisingly Surging Along with Interest Rates
Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
January 2023 Mortgage Rates See Merit of the Fed Strategy
After 2022 demonstrated recent record highs, the new year kicked off with lower January 2023 mortgage rates.
United States GDP Surprisingly Saw Growth of 2.9% in Q4
GDP (Gross Domestic Product) is the broadest measure of economic activity. U.S. happy to see the GDP rose at a rate of 2.9% in the fourth quarter.
New Housing Inventory Falls Short in the United States
The latest real estate data shows the United States in desperate need of new housing inventory as existing homes fell in December.
CPI Report Indicates Now Is Time To Buy As Used Car Prices Drop
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
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