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.
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
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.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
Following this week’s September 2022 Core PCE report, investors scaled back their outlook as the data matched the overall consensus.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.