Following news surrounding the banking sector's ongoing challenges, March mortgage-backed securities increased.
Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
After two years of exceptionally low mortgage rates, a major change took place in 2022 in relation to wage growth.
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
This week, October 2022 home sales fell, marking the ninth straight month of declines, as mortgage rates remained unchanged.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.