Strong New Home Sales Despite Virus Stifling Economy
The short holiday week was a relatively quiet period for mortgage rates, though the United States economy saw strong new home sales. Mortgage rates remained near record-lows.
Retail Sales Rise After the Wonderful July Consumer Spending Rebound
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
Unemployment Rate Plunges as Job Market Greatly Improves This Year
This week, the latest labor market report came out, reflecting a plunging unemployment rate and massive job gains.
Economic Shutdown This Year Fuels GDP Decline Despite the Recovery
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
Consumer Spending Surges Again with Tremendous Retail Sales
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Emerging Housing Market Highlighted by Home Sales and Recovery
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.
Unbelievably Stunning Job Gains After Earlier Losses Around the World
Following Friday’s strong labor report, the United States realized unbelievably stunning job gains after weeks of declines.
Coronavirus Pandemic Now Inspires Plummeting Inflation Alongside Reduced Activity
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
Coronavirus Dominated Financial Markets in New Ways This Week
Once again, the coronavirus dominated financial markets this week. In doing so, markets posted nearly unprecedented daily movements.
Coronavirus Impact on Mortgage Rates Still Up in the Air
COVID-19 quickly expanded around the world, but the coronavirus impact on mortgage rates still remains up in the air.