Bank of Japan Policy Changes Heading into the New Year
Due to Bank of Japan policy change, investors raised their outlook for monetary policy tightening by global central banks. As a result, mortgage rates ended the week higher.
Due to Bank of Japan policy change, investors raised their outlook for monetary policy tightening by global central banks. As a result, mortgage rates ended the week higher.
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.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
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.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.
Throughout the world, inflation continues its rampage as the September 2022 mortgage market soared to new highs.
In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.