Higher than expected inflation data was negative for mortgage markets this week. Inflation reduces the value of future cash flows, forcing bond yields to rise
Stronger than expected data caused investors to raise their outlook for economic growth this week, which was negative for mortgage markets. In particular, job growth
Stronger than expected inflation data was negative for mortgage markets this week. A shortfall in consumer spending was a distant second in importance to investors,
The major economic data released this week sent a mixed message. On the one hand, inflation was significantly higher than expected. On the other hand,
While the major economic data released this week caused little reaction, surprisingly dovish (in favor of looser monetary policy) comments from a Fed official were
By: Jeff Vossen, SVP of Originations & Operations Experience is everything. In fact, the member experience is often a primary reason people choose a credit
Quite simply, the highly anticipated inflation data released this week was lower than expected, which was great news for mortgage markets. Consumer spending also slowed
During a very light week for economic reports, market moving events were scarce. After falling sharply last week, mortgage rates ended just slightly higher, still
Weaker than expected economic data and a lack of surprises from the Fed initiated a large rally for mortgage markets this week. In particular, the
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