Facilitated by powerful job gains, mortgage rates have been on an upward path this year, potentially influencing rising inflation. Stronger-than-expected economic data caused the trend to continue this week.
2021 mortgage rates trajectory continues their upward pace. Rates reached their highest levels in months, inspired by rising inflation.
January 2021 inflation remains low, capping off a relatively quiet week for mortgage-backed securities. Overall, investors are divided on the inflation outlook for later in the year.
The United States economy experienced rising inflation this past week. For mortgage-backed securities, this offset COVID-19 concerns.
Housing momentum continues into 2021 as December shows off a white-hot market. Typically, the end of December exhibits very light trading volume and limited investor reaction to economic news.
It was another relatively quiet week for mortgage markets, seeing low inflation. The European Central Bank meeting met expectations.
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.
