Mortgage Markets Had a Rough Week with New Virus
Mortgage markets had a rough week as investors pondered the appropriate yield levels for the current economic environment.
Highest Mortgage Rates in Months After Spread of Virus
This week, the U.S. economy saw its highest mortgage rates in months. Characterized by extremely strong economic reports, impressive early 2021 retail sales kicked off the New Year.
2021 Mortgage Rates and What’s Now Influencing Them
Early 2021 mortgage rates have hovered around record lows, despite an abundance of economic news. After the close of 2020, uncertain times continued into 2021.
January 2021 Inflation Stays Low While Fed Creates New Policies
January 2021 inflation remains low, capping off a relatively quiet week for mortgage-backed securities. Overall, investors are divided on the inflation outlook for later in the year.
Mixed Labor Market Data as Coronavirus Spreads Throughout the World
This past week saw mixed labor market data. However, it was a relatively quiet week for mortgage-backed securities overall.
Mortgage-Backed Securities Activity Heading into New Year
There was little mortgage-backed securities activity heading into 2021. However, the end of 2020 was an eventful one for the economy.
Stimulus Package Affects Mortgage Rates with New Presidential Policies
As the stimulus package affects rates, the mortgage industry saw volatility. However, rates ended with little change after other news.
Housing Momentum Continues into the New Year
Housing momentum continues into 2021 as December shows off a white-hot market. Typically, the end of December exhibits very light trading volume and limited investor reaction to economic news.
Consumer Spending Surges Again with Tremendous Retail Sales
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Coronavirus Pandemic Now Inspires Plummeting Inflation Alongside Reduced Activity
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.