United States GDP Surprisingly Saw Growth of 2.9% in Q4
GDP (Gross Domestic Product) is the broadest measure of economic activity. U.S. happy to see the GDP rose at a rate of 2.9% in the fourth quarter.
October 2022 MBS Now Highlights Tightening Policy Around the World
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
September Existing Home Sales Fall as Mortgage Rates Soar
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
July 2022 Mortgage Markets Reflect Reduced Inflationary Pressures
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.
75-Basis Point Increase Matches Largest Since 1994
Although this week’s Federal Reserve meeting revealed no surprises, the Fed launched its 75-basis point increase. Notably, this federal funds rate hike matches the largest since 1994.
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.
GDP Reading Fell to Lowest Level Since Spring of 2020
In a light week of economic reporting, the major news encompassed the latest GDP reading, which fell to the lowest level since spring 2020.