Another Fed Rate Hike Now Leads to Volatile MBS Markets
Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.
Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
Taking a look back at March 2023 mortgage rates, the big news of the month stemmed from the volatile banking sector.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.
Throughout the world, inflation continues its rampage as the September 2022 mortgage market soared to new highs.
In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.