May 2022 Mortgage Market: Rates Plummet with Limited Activity
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
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
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
April 2022 Mortgage Rates Now Climbed to 2009 Levels
Last month, investors focused on elevated inflation levels on as April 2022 mortgage rates climbed to their highest levels since 2009.
Fed Announces Rate Hike This Week To Combat Soaring Inflation
As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.
GDP Reading Fell to Lowest Level Since Spring of 2020
In a light week of economic reporting, the major news encompassed the latest GDP reading, which fell to the lowest level since spring 2020.
March 2022 Mortgage Rates Rise as the Market Stays Volatile
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
Unemployment Rate Fell to Lowest Level Since Early 2020
While mortgage markets stay volatile, the unemployment rate fell to the lowest level since early 2020 as inflation came in on target.
Powell Tightened Monetary Policy, Now Catching Investors by Surprise
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.
February 2022 Mortgage Rates Face Massive New Inflation-Induced Volatility
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.