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So far Rick Young has created 206 blog entries.

Fed Announces Rate Hike This Week To Combat Soaring Inflation

2022-05-09T02:07:56+00:00 May 6th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , |

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

2022-04-30T15:55:55+00:00 April 29th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , |

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 Home Sales Fall Due to Limited Inventory & Soaring Rates

2022-04-24T18:57:30+00:00 April 22nd, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , |

In a light week of reporting, March home sales fell as the real estate market grew increasingly aggressive.

March 2022 Mortgage Rates Rise as the Market Stays Volatile

2022-04-25T23:33:59+00:00 April 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.

Mortgage Rates Rose to Highest Levels Since Late 2018

2022-04-14T16:44:56+00:00 April 14th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , , , , |

As investors focused heavily on the high inflation, mortgage rates rose to their highest levels since late 2018.

Fed Guidance Indicates Rapid Plans to Reduce Their Bond Portfolio

2022-04-08T16:23:59+00:00 April 8th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , |

This week, investors awaited the latest Fed guidance. Fed officials plan to reduce their bond portfolio more quickly than expected.

Unemployment Rate Fell to Lowest Level Since Early 2020

2022-04-02T16:38:40+00:00 April 1st, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , |

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

2022-04-02T14:21:35+00:00 March 25th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , |

This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.

February 2022 Mortgage Rates Face Massive New Inflation-Induced Volatility

2022-04-02T14:23:15+00:00 March 15th, 2022|Categories: Monthly Recap|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.

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