Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.
Key economic reports indicate that strong job gains drove a surge in consumer confidence. Bond investors displayed satisfaction.
Friday’s labor report illustrated good hospitality job gains after a rough 2020. Overall, this continues to fuel hope in what’s quickly becoming a promising mortgage market.
Following Friday’s strong labor report, the United States realized unbelievably stunning job gains after weeks of declines.