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.
Investors Focus on Targeted MBS Buying As Fed Nears Goals
Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.
Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
Outstanding Economic Rebound Slows Its Growth While Inflation Explodes
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.
April 2021 Inflation Made Monumental Climb as Home Sales Tailspin
After another exciting month, the data showed that April 2021 inflation continued its monumental climb.
Housing Inventory Continues to Really Compromise Home Sales Results
This past week was quiet seeing few economic developments, though housing inventory continues to really compromise home sales results.
Home Sales Stumble with Low Housing Inventory This Year
After the previous bounce back, this past week saw home sales stumble. Meanwhile, mortgage rates also ended the week a little lower.
Highest Mortgage Rates in Months After Spread of Virus
This week, the U.S. economy saw its highest mortgage rates in months. Characterized by extremely strong economic reports, impressive early 2021 retail sales kicked off the New Year.
2021 Mortgage Rates and What’s Now Influencing Them
Early 2021 mortgage rates have hovered around record lows, despite an abundance of economic news. After the close of 2020, uncertain times continued into 2021.
December 2020 Home Sales Remained Strong
Wrapping up last year, December 2020 home sales remained strong. Mortgage rates ended slightly lower after an uneventful week.