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.
October 2022 MBS Now Highlights Tightening Policy Around the World
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
September Existing Home Sales Fall as Mortgage Rates Soar
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
Mortgage Rates Hit 2007 Highs as the Markets Stay Volatile
In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.
Mortgage Rates Achieve Highest Levels in Over 10 Years
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.
August 2022 Mortgage Rates Soar Amongst Stubborn Inflation Levels
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.
Jackson Hole Economic Symposium Fallout Alludes to Inflation Outlook
While this week’s Jackson Hole Economic Symposium failed to cause much reaction, mortgage rates ended the week a little higher. However, Federal Reserve Chair Jerome Powell’s speak did allude to greater inflation consequences. Jackson Hole Economic Symposium Alludes to “Some Pain” In a highly anticipated speech from the Jackson Hole Economic Symposium, Fed Chair Powell alluded to the inflation outlook. In his address, Powell mentioned that the consequences of not aggressively fighting inflation produce a worse scenario than the effects of tightening monetary policy. Overall, he said that tightening monetary policy includes "some pain" for households and businesses. Powell repeated that future decisions depend on incoming economic data. Despite that announcement, he chose not to include specific guidance. Investors remain divided about whether the Fed raises the federal funds rate by 50 or 75 basis points at the September 21st meeting. Core PCE Climbs but Falls Below Consensus Forecast As the Jackson Hole Economic Symposium pointed towards inflation, core PCE climbed slightly year-over-year. In July 2022, core PCE increased 4.6% from a year ago. Not only did this fall below the consensus forecast, core PCE declined from a peak of 5.3% in February. As the Federal Reserve’s preferred inflation indicator, [...]
European Inflation Surges Spike Mortgage Rates in the United States
With this week's data release, European inflation surges spiked bond yields and mortgage rates in the United States.
July 2022 Mortgage Markets Reflect Reduced Inflationary Pressures
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.
Federal Reserve Remains Aggressive Despite the New Inflation Data
As the Federal Reserve remains aggressive against inflation, the new July CPI data showed a sharp decline.