In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
This week, October 2022 home sales fell, marking the ninth straight month of declines, as mortgage rates remained unchanged.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.