MBS Prices Rise as Economic Growth Slows Down
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
High inflation has investors mostly taking their cue from the Fed during a very light week for economic data
Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
After 2022 demonstrated recent record highs, the new year kicked off with lower January 2023 mortgage rates.
Heading into the December 2022 mortgage markets, investors widely expected the Federal Reserve to increase interest rates by 50 basis points.
Due to Bank of Japan policy change, investors raised their outlook for monetary policy tightening by global central banks. As a result, mortgage rates ended the week higher.
In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.