Taking a look back at March 2023 mortgage rates, the big news of the month stemmed from the volatile banking sector.
Bank failures in the US and Europe completely overwhelmed the economic reports in driving financial markets this week.
Consumer prices in Europe leave investors disappointed, as they were hoping for signs that inflation is easing. As a result, mortgage rates climbed a bit to the highest levels since November.
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
Following this week’s September 2022 Core PCE report, investors scaled back their outlook as the data matched the overall consensus.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.
This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.