Strong 2021 Home Sales Cap Off Incredible Real Estate Rebound
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
December 2021 Mortgage Markets Fluctuate to Cap off the Year
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
Mortgage Rates Rise to Kick Off the New Year
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.
Solid Job Gains Spotlight Uncommonly Busy Week for Mortgage Markets
This past week saw solid job gains amidst a packed week for mortgage markets, highlighted by key labor market data and a Fed meeting.
Investors Focus on Targeted MBS Buying As Fed Nears Goals
Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.
Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
Service Sector Witnesses Fantastic Expansion While Rates Go Down
The service sector witnesses fantastic expansion while mortgage rates go down. Weekly economic news came out favorable for mortgage markets.
Retail Sales Rise After the Wonderful July Consumer Spending Rebound
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
Unemployment Rate Plunges as Job Market Greatly Improves This Year
This week, the latest labor market report came out, reflecting a plunging unemployment rate and massive job gains.
Economic Shutdown This Year Fuels GDP Decline Despite the Recovery
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.