Retail Sales Rise After the Wonderful July Consumer Spending Rebound
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
As the housing sector picks up, mortgage rates remained relatively quiet this week as the trade negotiations with China offered little news.
The United States-China trade talks face hurdles, generating a favorable impact for mortgage-backed securities this week.
This week, investors focused on international events as the eye-opening Brexit vote looms and United States-China trade deal makes progress.
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
After a large decline in 2019 to the lowest levels in several years, mortgage rates finally reversed the trend due to this week's reports.
This week, the Mexican trade deal agreement caused market volatility. However, the net effect of all the news remained minor.