After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.
After the previous bounce back, this past week saw home sales stumble. Meanwhile, mortgage rates also ended the week a little lower.
While the economy is on the path towards recovery, 2021 showed its first signs of mortgage rate growth. Meanwhile, COVID-19 aid is on the way in tandem with a continual vaccine rollout.
2021 mortgage rates trajectory continues their upward pace. Rates reached their highest levels in months, inspired by rising inflation.
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.
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 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.
This past week saw mixed labor market data. However, it was a relatively quiet week for mortgage-backed securities overall.
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.