Housing Starts Surge as Mortgage Markets Remain Stable This Week
In a week marked by a lack of significant economic developments, housing starts surged as mortgage markets experienced a period of calm.
Fed Pauses Rate Hikes: Volatility in Mortgage Markets
As the Fed paused rate hikes, mortgage markets experienced a volatile week, concluding the with a slight increase.
Weakness in Services Sector and Its Impact on Mortgage-Backed Securities
Notably, this week's biggest economic story revolved around weakness in the services sector, revealed by the Institute of Supply Management.
Mortgage Rates Decline as New Data Points to Manufacturing Contraction
After a notable rise in the initial weeks of May, mortgage rates declined amid mixed economic signals and manufacturing contraction.
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.
Mortgage Rates Reach March Levels as Investors Shift Their Focus
As the week comes to a close, mortgage rates reached March 2023 levels as investors shifted their focus away from banking.
Mortgage-Backed Securities Experience Little Change Despite Latest Housing Sector News
This week, economic markets saw mortgage-backed securities experience little change, despite significant news from the housing sector.
MBS Prices Rise as Economic Growth Slows Down
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 Markets Calm as Fears of Banking Sectors Ease
Latest mortgage market seemed to finally calm after several weeks of extreme volatility due to concerns about the banking sector.
March Mortgage-Backed Securities Increase as Investors Quickly Pivot to Bonds
Following news surrounding the banking sector's ongoing challenges, March mortgage-backed securities increased.