Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
Last week, mortgage markets experienced daily volatility as the Russia-Ukraine conflict led to soaring demand for mortgage-backed securities.
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.