February 2023 Mortgage Rates Now Reach November Highs
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
This week’s major economic data revolved heavily around the January 2023 consumer spending report, which came in much stronger than expected.
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
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.