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.
The Latest Core PCE Meets Expectations as Mortgage Rates Decline
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
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.
GDP Reading Fell to Lowest Level Since Spring of 2020
In a light week of economic reporting, the major news encompassed the latest GDP reading, which fell to the lowest level since spring 2020.
March 2022 Mortgage Rates Rise as the Market Stays Volatile
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
Unemployment Rate Fell to Lowest Level Since Early 2020
While mortgage markets stay volatile, the unemployment rate fell to the lowest level since early 2020 as inflation came in on target.
Enormous Job Gains Push Mortgage Rates to Reach 2020 Levels
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
December 2021 Mortgage Markets Fluctuate to Cap off the Year
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
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
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.