High Inflation Leads To Reduced Mortgage Applications
In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes.
Steady Job Gains in the Leisure and Hospitality Sectors
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
Consumer Spending Surges in April 2022 with Impressive Retail Sales
While much of this week’s economic data met investor expectations, consumer spending surged in April 2022.
April 2022 Mortgage Rates Now Climbed to 2009 Levels
Last month, investors focused on elevated inflation levels on as April 2022 mortgage rates climbed to their highest levels since 2009.
April 2022 Core CPI Showed Easing Inflation Just Arrived
With the release of the April 2022 Core CPI data, inflation began to ease. This modest inflation decline allowed mortgage rates to stabilize.
Fed Announces Rate Hike This Week To Combat Soaring Inflation
As expected the Fed announced a rate hike this week in their latest step to combat inflation while Employment neared its consensus.
March 2022 Mortgage Rates Rise as the Market Stays Volatile
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
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
This week, investors awaited the latest Fed guidance. Fed officials plan to reduce their bond portfolio more quickly than expected.
February 2022 Mortgage Rates Face Massive New Inflation-Induced Volatility
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.