In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
The service sector witnesses fantastic expansion while mortgage rates go down. Weekly economic news came out favorable for mortgage markets.
This week’s story focused on how the service sector growth fuels the expanding economy, though mortgage weeks declined slightly.
There was little mortgage-backed securities activity heading into 2021. However, the end of 2020 was an eventful one for the economy.