Consumer Spending Drops

Consumer Spending Drops

Mortgage Market News for the week ended January 14, 2022 Investors were focused on two major economic reports this week measuring consumer spending and inflation. While retail sales were much weaker than expected and CPI inflation a bit stronger, neither report caused...
Consumer Spending Drops

Mortgage Rates Rise

Mortgage Market News for the week ended January 07, 2022 Concerned about higher inflation, investors began the year by pushing up bond yields. Wednesday’s more hawkish (in favor of tighter monetary policy) than expected Fed minutes then sparked another round of...