After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
This week, October 2022 home sales fell, marking the ninth straight month of declines, as mortgage rates remained unchanged.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.