June MBS: Understanding the High Inflation and Labor Market Impact
The latest economic data highlights the persistence of high inflation and a tight labor market, which has implications for June MBS (mortgage-backed securities).
Housing Starts Surge as Mortgage Markets Remain Stable This Week
In a week marked by a lack of significant economic developments, housing starts surged as mortgage markets experienced a period of calm.
Fed Pauses Rate Hikes: Volatility in Mortgage Markets
As the Fed paused rate hikes, mortgage markets experienced a volatile week, concluding the with a slight increase.
Weakness in Services Sector and Its Impact on Mortgage-Backed Securities
Notably, this week's biggest economic story revolved around weakness in the services sector, revealed by the Institute of Supply Management.
Mortgage Rates Decline as New Data Points to Manufacturing Contraction
After a notable rise in the initial weeks of May, mortgage rates declined amid mixed economic signals and manufacturing contraction.
May 2023 MBS Volatility and Its Impact on Markets
May 2023 MBS brought significant volatility to the mortgage markets, driven by a range of major economic news and events.
Impact of High Inflation on Mortgage Rates and Housing Market
Amid growing concerns about the impact of high inflation, investors shifted their focus to the banking sector troubles and debt ceiling.
Mortgage Rates Reach March Levels as Investors Shift Their Focus
As the week comes to a close, mortgage rates reached March 2023 levels as investors shifted their focus away from banking.
Refinance Applications Soar 10 Percent Since Last Week
After a muddling 2022, refinance applications soared 10% week-over-week. This showed signs of life in the mortgage industry.
Another Fed Rate Hike Now Leads to Volatile MBS Markets
Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.