Low Consumer Confidence Will Bring Big Changes In Spending Habits

2022-07-01T22:56:02+00:00 July 1st, 2022|Categories: MortgageTime|Tags: , , , , , , , |

Low Consumer Confidence May Halt Spending Low Consumer Confidence should be no surprise with the continuously rising rate of inflation and interest rates. The monthly report on consumer confidence published by the Conference Board has been receiving more attention lately, since it may provide information on upcoming spending habits. The latest reading released this week revealed a larger than expected decline, the lowest level since February 2021. There were also some interesting divergences in the details of the report. While consumers expected the labor market to remain very strong, they also intend to scale back a on pricier purchase. These include, large appliances, motor vehicles, vacation travel later in the year. Low Consumer Confidence Drops Along With ISM Report Low Consumer Confidence isn't the only economic indicator. Another significant economic indicator was released this week from the Institute of Supply Management (ISM). Reports show a drop to the lowest level since June 2020. The national manufacturing index has Fallen to 53.0.This is below the consensus forecast of 54.5. Still, levels above 50 indicate that the sector is expanding. Core PCE Rises Despite Low Consumer Confience The PCE price index is the inflation indicator favored by the Fed. In May, core [...]

May 2022 Mortgage Market: Rates Plummet with Limited Activity

2022-06-28T15:59:09+00:00 June 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , |

Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.

Steady Job Gains in the Leisure and Hospitality Sectors

2022-06-03T17:20:46+00:00 June 3rd, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , , , , |

In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.

The Latest Core PCE Meets Expectations as Mortgage Rates Decline

2022-05-27T16:30:35+00:00 May 27th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , , , |

Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.

Consumer Spending Surges in April 2022 with Impressive Retail Sales

2022-05-22T21:49:41+00:00 May 20th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , |

While much of this week’s economic data met investor expectations, consumer spending surged in April 2022.

April 2022 Core CPI Showed Easing Inflation Just Arrived

2022-05-13T18:18:03+00:00 May 13th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , |

With the release of the April 2022 Core CPI data, inflation began to ease. This modest inflation decline allowed mortgage rates to stabilize.

Fed Announces Rate Hike This Week To Combat Soaring Inflation

2022-05-09T02:07:56+00:00 May 6th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , |

As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.

March Home Sales Fall Due to Limited Inventory & Soaring Rates

2022-04-24T18:57:30+00:00 April 22nd, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , |

In a light week of reporting, March home sales fell as the real estate market grew increasingly aggressive.

March 2022 Mortgage Rates Rise as the Market Stays Volatile

2022-04-25T23:33:59+00:00 April 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.

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