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.
First ECB Rate Increase in 11 Years After Record Inflation
As the European Central Bank faces record-high inflation levels, this week’s biggest news marked the first ECB rate increase in 11 years.
Wednesday’s CPI Inflation Report Now Showed 9.1% Gain This Year
This week, Wednesday’s CPI inflation report display stronger than expected results with a 9.1% gain this year.
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.
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.
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.
European Central Bank Meeting Blindsides Investors with Surprising New Decision
As investors eagerly awaited the European Central Bank meeting, the latest decision on inflation came as a blindside.
Enormous Job Gains Push Mortgage Rates to Reach 2020 Levels
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.