February 2023 Mortgage Rates Now Reach November Highs
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
This week’s major economic data revolved heavily around the January 2023 consumer spending report, which came in much stronger than expected.
After 2022 demonstrated recent record highs, the new year kicked off with lower January 2023 mortgage rates.
GDP (Gross Domestic Product) is the broadest measure of economic activity. U.S. happy to see the GDP rose at a rate of 2.9% in the fourth quarter.
The latest real estate data shows the United States in desperate need of new housing inventory as existing homes fell in December.
Heading into the December 2022 mortgage markets, investors widely expected the Federal Reserve to increase interest rates by 50 basis points.
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
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.