Conflict in Ukraine Lowers Mortgage Rates as More Volatility Builds
In another volatile week for mortgage markets, the conflict in Ukraine continued to intensify while the U.S. heard testimony from the Fed.
In another volatile week for mortgage markets, the conflict in Ukraine continued to intensify while the U.S. heard testimony from the Fed.
Last week, mortgage markets experienced daily volatility as the Russia-Ukraine conflict led to soaring demand for mortgage-backed securities.
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
As inflation surges to the highest level since 1982, the mortgage market left investors stunned after months of remaining on-edge.
With Wednesday’s Federal Reserve meeting, the continual conversation revolving the Fed tapering bond purchases took an interesting turn.
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
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.
In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.
As holiday consumer spending surges, the Federal Reserve plans adjustments for the recent colossal inflation, hitting a 30-year high.
The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.