Another Fed Rate Hike Now Leads to Volatile MBS Markets
Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.
Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.
The April 2023 MBS volatility presented a mixed bag of economic indicators and data in the banking crisis aftermath.
This week, mortgage-backed securities dropped as consumer spending data fell short. Meanwhile, the inflation data matched expectations.
Taking a look back at March 2023 mortgage rates, the big news of the month stemmed from the volatile banking sector.
High inflation has investors mostly taking their cue from the Fed during a very light week for economic data
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
Heading into the December 2022 mortgage markets, investors widely expected the Federal Reserve to increase interest rates by 50 basis points.
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.