MBS Prices See Quiet Week with PCE and GDP Data
After the PCE and GDP data came out, MBS prices saw a quiet week. Overall, the market generated no surprises.
After the PCE and GDP data came out, MBS prices saw a quiet week. Overall, the market generated no surprises.
This week, economic markets saw mortgage-backed securities experience little change, despite significant news from the housing sector.
This week, mortgage-backed securities dropped as consumer spending data fell short. Meanwhile, the inflation data matched expectations.
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
Taking a look back at March 2023 mortgage rates, the big news of the month stemmed from the volatile banking sector.
Latest mortgage market seemed to finally calm after several weeks of extreme volatility due to concerns about the banking sector.
Following news surrounding the banking sector's ongoing challenges, March mortgage-backed securities increased.
Bank failures in the US and Europe completely overwhelmed the economic reports in driving financial markets this week.
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.