November Federal Reserve Speech Acknowledges Lowering Inflation in the U.S.

2022-12-03T18:14:58+00:00 December 2nd, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , |

In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.

November 2022 Markets Highlight Tapering Inflation Ahead of the New Year

2022-12-01T17:12:07+00:00 December 1st, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , |

After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.

November 2022 Fed Meeting Leads to Latest Interest Rate Increases

2022-11-04T20:51:37+00:00 November 4th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , |

After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.

August 2022 Unemployment Rate Falls to Lowest Level in Decades

2022-10-07T15:58:50+00:00 October 7th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , |

This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.

September 2022 Mortgage Market Soars to New Highs

2022-09-30T18:34:58+00:00 September 30th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , |

Throughout the world, inflation continues its rampage as the September 2022 mortgage market soared to new highs.

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.

August 2022 Employment Data Reveals New Labor Market Results

2022-09-02T17:08:28+00:00 September 2nd, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , |

This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.

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, [...]

75-Basis Point Increase Matches Largest Since 1994

2022-08-01T17:16:19+00:00 July 31st, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , |

Although this week’s Federal Reserve meeting revealed no surprises, the Fed launched its 75-basis point increase. Notably, this federal funds rate hike matches the largest since 1994.

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