December 2021 Mortgage Markets Fluctuate to Cap off the Year

2022-01-15T19:52:42+00:00 January 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , |

With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.

Mortgage Rates Rise to Kick Off the New Year

2022-01-07T18:01:00+00:00 January 7th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , |

The first week of 2022 saw mortgage rates rise to kick off the New Year, pushing them to their highest levels since April of 2021.

Record-Setting Core PCE Achieved Its Highest Level Since 1989

2021-12-30T17:09:43+00:00 December 30th, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , , , |

Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.

Latest Employment Report Reveals Job Gains Went Down

2021-10-10T15:39:49+00:00 October 8th, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , , |

This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations.

Mortgage Rates Unbelievably Fluctuate Right After Fed Meeting

2021-09-27T18:12:05+00:00 September 24th, 2021|Categories: MortgageTime|Tags: , , , , , , , , |

This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.

Investors Focus on Targeted MBS Buying As Fed Nears Goals

2021-12-06T04:59:28+00:00 August 27th, 2021|Categories: MortgageTime|Tags: , , , , , , , |

Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.

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