July 2022 Mortgage Markets Reflect Reduced Inflationary Pressures
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.
Federal Reserve Remains Aggressive Despite the New Inflation Data
As the Federal Reserve remains aggressive against inflation, the new July CPI data showed a sharp decline.
Unexpectedly Strong Job Gains Across the Board
With the release of last week’s Employment report, the United States reported unexpectedly strong job gains across the board.
High Inflation Leads To Reduced Mortgage Applications
In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes.
Steady Job Gains in the Leisure and Hospitality Sectors
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
April 2022 Core CPI Showed Easing Inflation Just Arrived
With the release of the April 2022 Core CPI data, inflation began to ease. This modest inflation decline allowed mortgage rates to stabilize.
Fed Announces Rate Hike This Week To Combat Soaring Inflation
As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.
Mortgage Rates Rose to Highest Levels Since Late 2018
As investors focused heavily on the high inflation, mortgage rates rose to their highest levels since late 2018.
Fed Guidance Indicates Rapid Plans to Reduce Their Bond Portfolio
This week, investors awaited the latest Fed guidance. Fed officials plan to reduce their bond portfolio more quickly than expected.
February 2022 Mortgage Rates Face Massive New Inflation-Induced Volatility
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.