Inflation Surges to the Highest Level Since 1982
As inflation surges to the highest level since 1982, the mortgage market left investors stunned after months of remaining on-edge.
Strong 2021 Home Sales Cap Off Incredible Real Estate Rebound
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
December 2021 Mortgage Markets Fluctuate to Cap off the Year
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
Consumer Spending Drops as Inflation Hits New Milestone
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
Record-Setting Core PCE Achieved Its Highest Level Since 1989
Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.
Central Bank Meetings Quickly Offset High Volatility for Mortgage Rates
In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.
Surprising Consumer Spending Growth Leads to Retail Sales Surge
The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.
Luxury Home Sales Rise as the Market Overcomes Housing Challenges
This past week saw luxury home sales rise as the market overcomes age-old housing challenges. Although the market saw little economic news, mortgages rates also rose. Ultimately, investors still focus on higher inflation.
Strong Consumer Spending Offsets Inflation Driving Mortgage Rates Down
The past week saw strong consumer spending. This data offset weak inflation figures. As a result of the reporting, mortgage rates ended slightly lower.
Mortgage Rates Unbelievably Fluctuate Right After Fed Meeting
This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.