Mortgage News For The Week Ended August 12, 2022
Inflation Moderates Two opposing forces influenced mortgage markets this week. Lower than expected inflation data was very welcome news to investors, but an aggressive tone from the Fed was not. The net effect was that mortgage rates ended the week nearly unchanged. The Consumer Price Index (CPI) is a closely watched inflation indicator that looks […]
Mortgage News For The Week Ended August 5, 2022
Don’t Be Fooled The media will talk about the Fed hiking rates and allow viewers to believe that it includes home loan rates. The Fed can only control short-term rates with the Fed Funds Rate. Since the Federal Reserve began raising rates in June home borrowing costs have declined. Why? Don’t higher rates from the […]
Mortgage News For The Week Ended July 29, 2022
GDP Declines Economic growth during the second quarter was weaker than expected, which was favorable for mortgage markets this week. The Fed meeting revealed no surprises and caused little reaction. As a result, mortgage rates ended the week a bit lower. As expected, the Fed raised the federal funds rate by 75 basis points on […]
Mortgage News For The Week Ended July 22, 2022
ECB Rate Hike During a light week for economic news, the biggest event was the European Central Bank (ECB) meeting. The ECB surprised some investors with its aggressive move to tighten monetary policy to fight inflation, which was favorable for mortgage markets. As a result, mortgage rates ended the week lower. On Thursday, the European […]
Mortgage News For The Week Ended July 15, 2022
Focus on Inflation This week, the key CPI inflation report released on Wednesday was a little stronger than expected, while the other major economic data was mixed. As a result, mortgage rates ended the week slightly higher. The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at price changes for a […]
Mortgage News For The Week Ended July 8, 2022
Solid Job Gains This week, the highly anticipated Employment report released on Friday was a little stronger than expected, while the other major economic data was mixed. As a result, mortgage rates ended the week higher. Against a consensus forecast of just 250,000, the economy added 372,000 jobs in June, which was right in line […]
