Economic Shutdown This Year Fuels GDP Decline Despite the Recovery
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
Consumer Spending Spikes Retail Sales in March of this Year
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.
GDP Triumphs Over Forecasts for Stronger Economic Growth This Quarter
The latest data saw GDP triumph over forecasts, reflecting stronger economic growth this quarter and an unfavorable reaction for rates.
Focus on the Fed Influences Mortgage Rates This Week
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.