Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
With Wednesday’s Federal Reserve meeting, the continual conversation revolving the Fed tapering bond purchases took an interesting turn.
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.
As holiday consumer spending surges, the Federal Reserve plans adjustments for the recent colossal inflation, hitting a 30-year high.