April 2023 MBS: Examining Latest Economic Insights and Analysis
The April 2023 MBS volatility presented a mixed bag of economic indicators and data in the banking crisis aftermath.
The April 2023 MBS volatility presented a mixed bag of economic indicators and data in the banking crisis aftermath.
After the PCE and GDP data came out, MBS prices saw a quiet week. Overall, the market generated no surprises.
This week, economic markets saw mortgage-backed securities experience little change, despite significant news from the housing sector.
This week, mortgage-backed securities dropped as consumer spending data fell short. Meanwhile, the inflation data matched expectations.
This week, the latest data showed MBS prices rise as economic growth slowed down due to the Fed’s policy and banking troubles.
Taking a look back at March 2023 mortgage rates, the big news of the month stemmed from the volatile banking sector.
Latest mortgage market seemed to finally calm after several weeks of extreme volatility due to concerns about the banking sector.
Bank failures in the US and Europe completely overwhelmed the economic reports in driving financial markets this week.
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
Consumer prices in Europe leave investors disappointed, as they were hoping for signs that inflation is easing. As a result, mortgage rates climbed a bit to the highest levels since November.