Mixed Labor Market Data as Coronavirus Spreads Throughout the World
This past week saw mixed labor market data. However, it was a relatively quiet week for mortgage-backed securities overall.
Rising Inflation as World Learns of Spreading New Virus
The United States economy experienced rising inflation this past week. For mortgage-backed securities, this offset COVID-19 concerns.
December 2020 Home Sales Remained Strong
Wrapping up last year, December 2020 home sales remained strong. Mortgage rates ended slightly lower after an uneventful week.
Stimulus Package Affects Mortgage Rates with New Presidential Policies
As the stimulus package affects rates, the mortgage industry saw volatility. However, rates ended with little change after other news.
2021 Georgia Senate Runoff Election Now Increases Bond Yields
The Democratic Party swept the 2021 Georgia Senate runoff election, an unfavorable result for mortgage rates. While Friday's labor market report was mixed, this week's other major economic data was extraordinarily strong.
Housing Momentum Continues into the New Year
Housing momentum continues into 2021 as December shows off a white-hot market. Typically, the end of December exhibits very light trading volume and limited investor reaction to economic news.
Retail Sales Fall Short with Disappointing New Consumer Spending Report
After a wide array of economic releases, the impact saw retail sales fall short. Overall, there was no shortage of economic news.
Low Inflation Persists as Coronavirus Spreads Throughout the World
It was another relatively quiet week for mortgage markets, seeing low inflation. The European Central Bank meeting met expectations.
Job Gains Fall Short Despite Strong Economic Rebound
This past week saw job gains fall short, in spite of a wide range of news. Investors reacted to major economic data, COVID-19 headlines, and negotiations in Congress for additional aid.
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.