Strong 2021 Home Sales Cap Off Incredible Real Estate Rebound

2022-01-21T19:05:34+00:00 January 21st, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , |

Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.

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.

Informative ECB Meeting Indicates the Best Mortgage Rate Outcome

2021-06-11T16:14:16+00:00 June 11th, 2021|Categories: MortgageTime|Tags: , , , , , , , |

This past week saw an informative ECB meeting and Fed report, indicating the best mortgage rate outcome heading into summer 2021. Despite a stronger than expected inflation report, investors focused elsewhere. Overall, the European Central Bank meeting provided a favorable result. Thus, mortgage rates ended the week a little lower. Informative ECB Meeting & Federal Reserve Report Thursday saw an informative ECB meeting. During the meeting, the European Central Bank (ECB) made no policy changes. Conclusively, the lack of change reflects the best-case outcome for mortgage rates. Simultaneously, the ECB made no mention of a specific time frame for starting to scale back its bond purchase program. For analysts, the meeting statement tone felt relatively dovish. Investors widely expect that the ECB tightens monetary policy rather than to loosen it. For now, holding steady exemplifies positive news. Meanwhile, the Federal Reserve reported that household net worth at the end of the first quarter of 2021 soared 3.8% higher than at the end of 2020. Roughly $3.2 trillion of gains originated from stocks. Aside from stocks, $1.0 trillion stemmed from increased real estate values. Core CPI Improves Aside from the informative ECB meeting, the Consumer Price Index report came out. Analysts [...]

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