Luxury Home Sales Rise as the Market Overcomes Housing Challenges

2021-10-23T14:47:31+00:00 October 22nd, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , , |

This past week saw luxury home sales rise as the market overcomes age-old housing challenges. Although the market saw little economic news, mortgages rates also rose. Ultimately, investors still focus on higher inflation.

Strong Consumer Spending Offsets Inflation Driving Mortgage Rates Down

2021-10-15T22:39:17+00:00 October 15th, 2021|Categories: MortgageTime|Tags: , , , , , , , |

The past week saw strong consumer spending. This data offset weak inflation figures. As a result of the reporting, mortgage rates ended slightly lower.

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

2021-08-30T21:52:12+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.

Retail Sales Dropped as Travel & Entertainment See a Boom

2021-08-21T14:17:12+00:00 August 20th, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , |

While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.

Analysts See Strong Inflation Data While the Economy Reopens

2021-05-26T17:21:47+00:00 May 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , , , |

As the U.S. returns to "normalcy", analysts see strong inflation data while the economy reopens. Job openings hit record highs. The housing market continues to grow. More Americans are getting their COVID-19 vaccinations. And inflation shows renewed intrigue. But most importantly, investors observe how each of these components affect mortgage-backed securities. Analysts See Strong Inflation Data While the Economy Gains Jobs April's release of labor market and manufacturing data proved stronger than expected. While the stronger than expected return contributed to analysts seeing strong inflation data, mortgage rates barely changed. Employment Report The highly anticipated monthly employment report revealed very impressive results. In March 2021, the economy gained 916,000 jobs. Overall, this rose far above the consensus forecast of 625,000. In addition, analysts supplied added 156,000 jobs to prior month results. In particular, the hospitality and construction sectors displayed strength. This is especially interesting because both of these sectors suffered blowbacks during the pandemic. Average Hourly Earnings Average hourly earnings, an indicator of wage growth, fell slightly from February. Thus, the result did not reach the consensus, but saw a modest increase. Compared to 2020, average hourly earnings jumped 4.2% higher than a year ago. However, average hourly earnings dropped [...]

Load More Posts