Pandemic, Fed, and Jobs
A wide range of major economic news caused an enormous amount of daily volatility this week. However, the various influences were roughly offsetting, and mortgage rates ended with little change….
A wide range of major economic news caused an enormous amount of daily volatility this week. However, the various influences were roughly offsetting, and mortgage rates ended with little change….
Much stronger than expected key inflation data was negative for mortgage markets this week, and rates ended higher. The Consumer Price Index (CPI) is a closely watched inflation indicator that…
Over the past week, inflation data that overall was a bit weaker than expected offset stronger than expected consumer spending, and mortgage rates ended slightly lower. Economists had anticipated that…
There were no significant surprises in the economic data released this week. Inflation held steady from last month and the manufacturing sector remained strong. Mortgage rates ended the week nearly…
This week, the two biggest economic reports both contained significant surprises, but in opposite directions. Stronger than expected consumer spending modestly outweighed lower than expected inflation, and mortgage rates ended…
This week, the European Central Bank announced the expected policy change in its bond purchase program. The other major economic news contained no surprises, and mortgage rates ended the week…
Despite some significant economic news this week, investors saw little reason to change their outlook for economic growth or future Fed policy. As a result, mortgage rates ended the week…
There was no shortage of major economic news this week, but none caused much reaction. The Fed meeting produced no significant surprises, and the GDP report was roughly neutral overall….
Investors were focused on inflation this week, and the most recent data was stronger than expected. However, soothing comments on the subject from the Fed helped calm investor concerns, and…
Friday’s highly anticipated monthly labor market report was roughly in line with expectations, and mortgage rates ended the week nearly unchanged. In May, the economy gained 559,000 jobs, a little…