Another Fed Rate Hike Now Leads to Volatile MBS Markets

2023-05-05T16:21:10+00:00 May 5th, 2023|Categories: Uncategorized|Tags: , , , , , , , , , , , , |

Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.

Mortgage-Backed Securities Drop in Addition to Latest March Consumer Spending

2023-04-14T15:56:26+00:00 April 14th, 2023|Categories: Uncategorized|Tags: , , , , , , , , , , |

This week, mortgage-backed securities dropped as consumer spending data fell short. Meanwhile, the inflation data matched expectations.

October 2022 Home Sales Plummet for the Ninth Straight Month

2022-11-18T18:57:48+00:00 November 18th, 2022|Categories: Uncategorized|Tags: , , , , , , , , , , , |

This week, October 2022 home sales fell, marking the ninth straight month of declines, as mortgage rates remained unchanged.

Mortgage Rates Hit 2007 Highs as the Markets Stay Volatile

2022-09-30T16:36:53+00:00 September 30th, 2022|Categories: Uncategorized|Tags: , , , , , , , , , , , , , , , , |

In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.

August 2022 Mortgage Rates Soar Amongst Stubborn Inflation Levels

2022-09-23T15:53:18+00:00 September 15th, 2022|Categories: Uncategorized|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.

ECB Raised Interest Rates to Highest Levels Since 2011

2022-09-12T17:57:41+00:00 September 9th, 2022|Categories: Uncategorized|Tags: , , , , , , , , , |

Although this week contained little new data, the European Central Bank (ECB) raised interest rates to their highest levels since 2011.

Jackson Hole Economic Symposium Fallout Alludes to Inflation Outlook

2022-09-02T16:45:07+00:00 August 26th, 2022|Categories: Uncategorized|Tags: , , , , , , , , , , , , , , , , , , , |

While this week’s Jackson Hole Economic Symposium failed to cause much reaction, mortgage rates ended the week a little higher. However, Federal Reserve Chair Jerome Powell’s speak did allude to greater inflation consequences. Jackson Hole Economic Symposium Alludes to “Some Pain” In a highly anticipated speech from the Jackson Hole Economic Symposium, Fed Chair Powell alluded to the inflation outlook. In his address, Powell mentioned that the consequences of not aggressively fighting inflation produce a worse scenario than the effects of tightening monetary policy. Overall, he said that tightening monetary policy includes "some pain" for households and businesses. Powell repeated that future decisions depend on incoming economic data. Despite that announcement, he chose not to include specific guidance. Investors remain divided about whether the Fed raises the federal funds rate by 50 or 75 basis points at the September 21st meeting. Core PCE Climbs but Falls Below Consensus Forecast As the Jackson Hole Economic Symposium pointed towards inflation, core PCE climbed slightly year-over-year. In July 2022, core PCE increased 4.6% from a year ago. Not only did this fall below the consensus forecast, core PCE declined from a peak of 5.3% in February. As the Federal Reserve’s preferred inflation indicator, [...]

Federal Reserve Remains Aggressive Despite the New Inflation Data

2022-08-15T19:02:32+00:00 August 12th, 2022|Categories: Uncategorized|Tags: , , , , , , , , , , , |

As the Federal Reserve remains aggressive against inflation, the new July CPI data showed a sharp decline.

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