December 2021 Mortgage Markets Fluctuate to Cap off the Year
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
Consumer Spending Drops as Inflation Hits New Milestone
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
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.
Wondrous Inflation Achieves the Highest Rate in 30 Years
In back-to-back months, the United States realized wondrous inflation. Not only did inflation reach a 30-year high in October, it did so again immediately after in November.
Core PCE Shows Inflation Quickly Soaring for the Holidays
In a short week, core PCE shows inflation quickly soaring in time for the holiday season while investors worry about price increases
Inflation Frenzy Continues as Supply Chain Now Faces Disruptions
As the holiday season approaches, the inflation frenzy continues. Currently, the U.S. faces a cavalcade of supply chain disruptions.
Inflation Jumped to 30-Year High as Shortages Quickly Compound
After months of back-and-forth discussion, last week saw inflation jump to a 30-year high as shortages compound.
Solid Job Gains Spotlight Uncommonly Busy Week for Mortgage Markets
This past week saw solid job gains amidst a packed week for mortgage markets, highlighted by key labor market data and a Fed meeting.
Inflation Remains High As Supply Chain Prevents Better GDP
After months of slow recovery, inflation remains high. Meanwhile, the latest GDP reported showed a negative impact on supply chain growth.
Luxury Home Sales Rise as the Market Overcomes Housing Challenges
This past week saw luxury home sales rise as the market overcomes age-old housing challenges. Although the market saw little economic news, mortgages rates also rose. Ultimately, investors still focus on higher inflation.