Mortgage News For The Week Ended July 1, 2022
Economic Growth Concerns With global central banks aggressively tightening monetary policy to fight inflation, investors reduced their outlook for economic growth. As a result, mortgage rates declined from the highest levels since 2008 seen last week. The PCE price index is the inflation indicator favored by the Fed. In May, core PCE was 4.7% higher […]
Mortgage News For The Week Ended June 24, 2022
Home Sales Mixed With global central banks aggressively tightening monetary policy to fight inflation, this week investors reduced their outlook for economic growth. As a result, mortgage rates declined from the highest levels since 2008 seen last week. In May, sales of existing homes, which make up about 90% of the market, declined for the […]
Mortgage News For The Week Ended June 17, 2022
Fed Tightens The US Fed tightened monetary policy by a massive amount this week at its meeting on Wednesday, and other global central banks also have been taking aggressive steps to fight inflation. As a result, mortgage rates reached their highest levels since 2008. As expected, the Fed raised the federal funds rate by 75 […]
Mortgage News For The Week Ended June 10, 2022
High Inflation Inflation remained the focus for investors this week, and the latest readings came in stronger than expected, at or near the highest levels in decades. The European Central Bank also revealed a more aggressive stance to fight inflation. As a result, mortgage rates ended the week higher. The Consumer Price Index (CPI) is […]
Mortgage News For The Week Ended June 3, 2022
Home loan rates increased slightly from the previous week as we are just a couple of weeks before the next Fed meeting. Let’s walk through what happened and discuss what to look for in the week ahead. “As I will explain, this very tight labor market has implications for inflation and the Fed’s plans for […]
Mortgage News For The Week Ended May 27, 2022
Some Good News on Rates This past week, home loan rates improved to the best levels in a month. The 10-yr Note yield closed beneath 2.80% for two consecutive days for the first time since April 13th. Moves like these begin to suggest that rates may have peaked. The main reason for the decline in […]
