May 2022 Mortgage Market: Rates Plummet with Limited Activity

2022-06-28T15:59:09+00:00 June 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , |

Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.

Steady Job Gains in the Leisure and Hospitality Sectors

2022-06-03T17:20:46+00:00 June 3rd, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , , , , |

In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.

The Latest Core PCE Meets Expectations as Mortgage Rates Decline

2022-05-27T16:30:35+00:00 May 27th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , , , |

Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.

April 2022 Mortgage Rates Now Climbed to 2009 Levels

2022-05-25T21:58:48+00:00 May 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , |

Last month, investors focused on elevated inflation levels on as April 2022 mortgage rates climbed to their highest levels since 2009.

Fed Announces Rate Hike This Week To Combat Soaring Inflation

2022-05-09T02:07:56+00:00 May 6th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , |

As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.

GDP Reading Fell to Lowest Level Since Spring of 2020

2022-04-30T15:55:55+00:00 April 29th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , |

In a light week of economic reporting, the major news encompassed the latest GDP reading, which fell to the lowest level since spring 2020.

March 2022 Mortgage Rates Rise as the Market Stays Volatile

2022-04-25T23:33:59+00:00 April 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.

Unemployment Rate Fell to Lowest Level Since Early 2020

2022-04-02T16:38:40+00:00 April 1st, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , |

While mortgage markets stay volatile, the unemployment rate fell to the lowest level since early 2020 as inflation came in on target.

Conflict in Ukraine Lowers Mortgage Rates as More Volatility Builds

2022-04-02T14:23:33+00:00 March 4th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , |

In another volatile week for mortgage markets, the conflict in Ukraine continued to intensify while the U.S. heard testimony from the Fed.

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