Conflict in Ukraine Lowers Mortgage Rates as More Volatility Builds
In another volatile week for mortgage markets, the conflict in Ukraine continued to intensify while the U.S. heard testimony from the Fed.
In another volatile week for mortgage markets, the conflict in Ukraine continued to intensify while the U.S. heard testimony from the Fed.
Mortgage markets experienced another volatile week as the Russian invasion of Ukraine dominated headlines.
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
The first week of 2022 saw mortgage rates rise to kick off the New Year, pushing them to their highest levels since April of 2021.
This past week saw solid job gains amidst a packed week for mortgage markets, highlighted by key labor market data and a Fed meeting.
After months of slow recovery, inflation remains high. Meanwhile, the latest GDP reported showed a negative impact on supply chain growth.
The latest few months highlight the trend of the United States resurgence suffering. Key data revealed mixed results throughout the economy.
This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations.
This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.