Breakthrough Job Gains as Labor Market Makes Vast Improvements

2021-08-14T14:03:07+00:00 August 6th, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , , , , |

The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.

Unpredictable 2021 Actually Creates Mortgage Market Breakthrough

2021-07-27T22:42:12+00:00 July 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , |

After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.

Informative ECB Meeting Indicates the Best Mortgage Rate Outcome

2021-06-11T16:14:16+00:00 June 11th, 2021|Categories: MortgageTime|Tags: , , , , , , , , |

This past week saw an informative ECB meeting and Fed report, indicating the best mortgage rate outcome heading into summer 2021. Despite a stronger than expected inflation report, investors focused elsewhere. Overall, the European Central Bank meeting provided a favorable result. Thus, mortgage rates ended the week a little lower. Informative ECB Meeting & Federal Reserve Report Thursday saw an informative ECB meeting. During the meeting, the European Central Bank (ECB) made no policy changes. Conclusively, the lack of change reflects the best-case outcome for mortgage rates. Simultaneously, the ECB made no mention of a specific time frame for starting to scale back its bond purchase program. For analysts, the meeting statement tone felt relatively dovish. Investors widely expect that the ECB tightens monetary policy rather than to loosen it. For now, holding steady exemplifies positive news. Meanwhile, the Federal Reserve reported that household net worth at the end of the first quarter of 2021 soared 3.8% higher than at the end of 2020. Roughly $3.2 trillion of gains originated from stocks. Aside from stocks, $1.0 trillion stemmed from increased real estate values. Core CPI Improves Aside from the informative ECB meeting, the Consumer Price Index report came out. Analysts [...]

Job Gains See a Startling Plummet Lowering Mortgage Rates

2021-05-15T14:32:38+00:00 May 7th, 2021|Categories: MortgageTime|Tags: , , , , , , , , |

This past week marked disappointment in the labor market as job gains see a startling plummet. The major economic data accompanied by Friday's labor market report fell well below analyst expectations.