March Home Sales Fall Due to Limited Inventory & Soaring Rates
In a light week of reporting, March home sales fell as the real estate market grew increasingly aggressive.
March 2022 Mortgage Rates Rise as the Market Stays Volatile
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
Powell Tightened Monetary Policy, Now Catching Investors by Surprise
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.
Russia-Ukraine Conflict Leads to Soaring Demand for Mortgage-Backed Securities
Last week, mortgage markets experienced daily volatility as the Russia-Ukraine conflict led to soaring demand for mortgage-backed securities.
January 2022 Mortgage Rates Achieve Highest Levels Since Early 2020
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
Strong 2021 Home Sales Cap Off Incredible Real Estate Rebound
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
Record-Setting Core PCE Achieved Its Highest Level Since 1989
Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.
Surprising Consumer Spending Growth Leads to Retail Sales Surge
The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.
Investors Focus on Targeted MBS Buying As Fed Nears Goals
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.
Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.