Inflation Overshoots Forecasts
It’s been a tough month for mortgage markets so far. Last week, the closely watched report on job growth and wage gains vastly exceeded the
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Market Perspective
Feb 72 min read
Labor Market Outperforms Expectations
Overview: Over the past week, stronger than expected economic data was negative for mortgage markets. Most notably, the closely watched...
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Jan 312 min read
Economic Data Moves in Right Direction
Overview: Over the past week, the Federal Reserve essentially stuck to the anticipated script, and the major inflation data declined in...
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Jan 242 min read
Quiet Week for Rates
Overview: With little major economic news over the past week, mortgage markets were relatively quiet, and rates ended nearly unchanged. A...
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Jan 172 min read
Strong Consumer Spending
Overview: While the major inflation data released over the past week revealed no significant surprises, consumer spending continued to...
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Jan 101 min read
Jobs Report Exceeds Expectations
Overview: It was a quiet week for mortgage markets ahead of key inflation data. Mixed results for the major labor market report released...
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Jan 32 min read
Manufacturing Still Struggles
Overview: From their peak in late October, mortgage rates declined by well over 100 basis points during the final two months of 2023....
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Dec 20, 20232 min read
Home Sales Rise
Overview: With major economic news winding down for the year, it was a relatively quiet week for mortgage markets. Consumer spending was...
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Dec 13, 20232 min read
Investors Welcome Policy Shift
Overview: Over the past week, the Federal Reserve meeting revealed forecasts from officials for looser monetary policy, which was...
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Dec 6, 20232 min read
Job Openings Plunge
Overview: The economic data released this week suggested that inflation remains on a downward path and the labor market is loosening....
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Nov 29, 20232 min read
Home Sales Fall
Overview: Since the release of the Consumer Price Index (CPI) inflation report on November 14, there has been little major economic news...
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Nov 15, 20232 min read
Inflation Moderates
Overview: A series of conflicting economic events for mortgage markets caused a lot of volatility over the past week. Tough talk from the...
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Nov 8, 20232 min read
Weaker Economic Data
Overview: Weaker than expected economic data was positive for mortgage markets over the past week. Major reports on the labor market,...
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Nov 1, 20232 min read
No Surprises from Fed
Overview: Wednesday’s Federal Reserve meeting revealed no unexpected information and caused little reaction. Similarly, a key inflation...
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Oct 25, 20232 min read
Home Sales Mixed
Overview: Market-moving events were scarce over the past week. No major economic data was released, and no developments in the Middle...
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Oct 18, 20232 min read
Retail Sales Remain Strong
Overview: Over the past week, stronger than expected economic data was negative for mortgage markets. In particular, consumer spending...
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Oct 11, 20232 min read
Labor Market Excels
Overview: Over the past week, the events in the Middle East far outweighed the economic news. As a result, mortgage rates ended the week...
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Oct 4, 20232 min read
Mortgage Rates Climb
Overview: Over the past week, the major economic data remained relatively strong overall, and Federal Reserve officials showed no...
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Sep 27, 20232 min read
New-Home Sales Rise Year-Over-Year
Overview: There was little major economic news over the past week. Mortgage rates increased a bit more, reaching the highest levels in...
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Sep 20, 20232 min read
Fed Holds Steady
Overview: Over the past week, global central banks indicated that while continuing to fight inflation, they plan to hold short-term rates...
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