New Labor Market Data Pushes Fed Towards Aggressive Inflation Stance
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
Consumer Prices Rise To A Colossal 8.5% In Eurozone
Consumer prices in Europe leave investors disappointed, as they were hoping for signs that inflation is easing. As a result, mortgage rates climbed a bit to the highest levels since November.
January 2023 Consumer Spending Quickly Surges at Bars and Restaurants
This week’s major economic data revolved heavily around the January 2023 consumer spending report, which came in much stronger than expected.
High Inflation Not Going Anywhere According To Latest From Fed
High inflation has investors mostly taking their cue from the Fed during a very light week for economic data
CPI Report Indicates Now Is Time To Buy As Used Car Prices Drop
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
Wage Growth Slows Despite 223,000 Jobs Added To The Economy
After two years of exceptionally low mortgage rates, a major change took place in 2022 in relation to wage growth.
September Existing Home Sales Fall as Mortgage Rates Soar
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
August 2022 CPI Report Now Leads to Climbing Mortgage Rates
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.
European Inflation Surges Spike Mortgage Rates in the United States
With this week's data release, European inflation surges spiked bond yields and mortgage rates in the United States.
July 2022 Mortgage Markets Reflect Reduced Inflationary Pressures
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.