This week, investors awaited the latest Fed guidance. Fed officials plan to reduce their bond portfolio more quickly than expected.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
In another volatile week for mortgage markets, the conflict in Ukraine continued to intensify while the U.S. heard testimony from the Fed.
With Wednesday’s Federal Reserve meeting, the continual conversation revolving the Fed tapering bond purchases took an interesting turn.
The past week saw strong consumer spending. This data offset weak inflation figures. As a result of the reporting, mortgage rates ended slightly lower.
COVID-19 quickly expanded around the world, but the coronavirus impact on mortgage rates still remains up in the air.
This week, the Employment Report on Friday showed a healthy economy. Beyond that, investors also watched Wednesday’s Federal Reserve meeting.
This week, the excelling labor market actually offset weak manufacturing data and concern over the pace of global economic growth this week.
Due to economic growth, mortgage rates reached a four-year high due to several big picture factors coming into play.