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.
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.
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.
Although this week contained little new data, the European Central Bank (ECB) raised interest rates to their highest levels since 2011.