Impact of High Inflation on Mortgage Rates and Housing Market
Amid growing concerns about the impact of high inflation, investors shifted their focus to the banking sector troubles and debt ceiling.
Amid growing concerns about the impact of high inflation, investors shifted their focus to the banking sector troubles and debt ceiling.
As the week comes to a close, mortgage rates reached March 2023 levels as investors shifted their focus away from banking.
This week, economic markets saw mortgage-backed securities experience little change, despite significant news from the housing sector.
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
Latest mortgage market seemed to finally calm after several weeks of extreme volatility due to concerns about the banking sector.
Following news surrounding the banking sector's ongoing challenges, March mortgage-backed securities increased.
Bank failures in the US and Europe completely overwhelmed the economic reports in driving financial markets this week.
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
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.
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.