As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.
As the Federal Reserve remains aggressive against inflation, the new July CPI data showed a sharp decline.
This week, Wednesday’s CPI inflation report display stronger than expected results with a 9.1% gain this year.
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
With the release of the April 2022 Core CPI data, inflation began to ease. This modest inflation decline allowed mortgage rates to stabilize.