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...
Consumer Spending Drops

Central Bank Meetings

Mortgage Market News for the week ended December 17, 2021 This week was packed with major economic news, most notably US and European central bank meetings. While daily volatility was high, however, these influences were mostly offsetting, and mortgage rates ended the...
Consumer Spending Drops

Higher Inflation

Mortgage Market News for the week ended December 10, 2021 Investor concerns about the negative impact of the omicron variant on economic growth eased modestly this week, which was good for stocks but unfavorable for mortgage rates. The latest inflation data came in...
Consumer Spending Drops

Solid Job Gains

Mortgage Market News for the week ended November 05, 2021 It was a packed week for economic news, highlighted by key labor market data, job gains, and a Fed meeting. When the dust settled, mortgage rates ended the week a little lower. The closely watched Employment...
Consumer Spending Drops

Pandemic, Fed, and Jobs

Mortgage Market News for the week ended December 03, 2021 A wide range of major economic news caused an enormous amount of daily volatility this week. However, the various influences were roughly offsetting, and 2021 mortgage rates ended with little change. Investors...