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.
With this week's data release, European inflation surges spiked bond yields and mortgage rates in the United States.
After months of upward momentum, July 2022 mortgage markets finally reflected reduced inflationary pressures.
Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.
In a light week of reporting, March home sales fell as the real estate market grew increasingly aggressive.
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.
Last week, mortgage markets experienced daily volatility as the Russia-Ukraine conflict led to soaring demand for mortgage-backed securities.
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
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.