June MBS: Understanding the High Inflation and Labor Market Impact
The latest economic data highlights the persistence of high inflation and a tight labor market, which has implications for June MBS (mortgage-backed securities).
Weakness in Services Sector and Its Impact on Mortgage-Backed Securities
Notably, this week's biggest economic story revolved around weakness in the services sector, revealed by the Institute of Supply Management.
Mortgage Rates Decline as New Data Points to Manufacturing Contraction
After a notable rise in the initial weeks of May, mortgage rates declined amid mixed economic signals and manufacturing contraction.
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.
MBS Prices Rise as Economic Growth Slows Down
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
March 2023 Mortgage Rates Hit by the Volatile Banking Sector
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 Now Reach November Highs
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
ISM National Services Index Shows New Gains in November 2022
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
October 2022 MBS Now Highlights Tightening Policy Around the World
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
November 2022 Fed Meeting Leads to Latest Interest Rate Increases
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.