High Inflation Not Going Anywhere According To Latest From Fed
High inflation has investors mostly taking their cue from the Fed during a very light week for economic data
Labor Market is Surprisingly Surging Along with Interest Rates
Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
January 2023 Mortgage Rates See Merit of the Fed Strategy
After 2022 demonstrated recent record highs, the new year kicked off with lower January 2023 mortgage rates.
United States GDP Surprisingly Saw Growth of 2.9% in Q4
GDP (Gross Domestic Product) is the broadest measure of economic activity. U.S. happy to see the GDP rose at a rate of 2.9% in the fourth quarter.
New Housing Inventory Falls Short in the United States
The latest real estate data shows the United States in desperate need of new housing inventory as existing homes fell in December.
CPI Report Indicates Now Is Time To Buy As Used Car Prices Drop
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
Wage Growth Slows Despite 223,000 Jobs Added To The Economy
After two years of exceptionally low mortgage rates, a major change took place in 2022 in relation to wage growth.
December 2022 Mortgage Markets: The End of an Inflation-Heavy Year
Heading into the December 2022 mortgage markets, investors widely expected the Federal Reserve to increase interest rates by 50 basis points.
Bank of Japan Policy Changes Heading into the New Year
Due to Bank of Japan policy change, investors raised their outlook for monetary policy tightening by global central banks. As a result, mortgage rates ended the week higher.
December 2022 Fed Meeting Leads to New High for Interest Rates
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
ISM National Services Index Shows New Gains in November 2022
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
November Federal Reserve Speech Acknowledges Lowering Inflation in the U.S.
In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
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