Consumer Spending Drops as Inflation Hits New Milestone
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
Mortgage Rates Rise to Kick Off the New Year
The first week of 2022 saw mortgage rates rise to kick off the New Year, pushing them to their highest levels since April of 2021.
Holiday Consumer Spending Surges as Feds Adjust for Colossal Inflation
As holiday consumer spending surges, the Federal Reserve plans adjustments for the recent colossal inflation, hitting a 30-year high.
Wondrous Inflation Achieves the Highest Rate in 30 Years
In back-to-back months, the United States realized wondrous inflation. Not only did inflation reach a 30-year high in October, it did so again immediately after in November.
Inflation Jumped to 30-Year High as Shortages Quickly Compound
After months of back-and-forth discussion, last week saw inflation jump to a 30-year high as shortages compound.
Unpredictable 2021 Actually Creates Mortgage Market Breakthrough
After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.
Service Sector Witnesses Fantastic Expansion While Rates Go Down
The service sector witnesses fantastic expansion while mortgage rates go down. Weekly economic news came out favorable for mortgage markets.
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.
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.