December 2022 Fed Meeting Leads to New High for Interest Rates
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
This week, October 2022 home sales fell, marking the ninth straight month of declines, as mortgage rates remained unchanged.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.
Throughout the world, inflation continues its rampage as the September 2022 mortgage market soared to new highs.
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.