· Mortgage Rates1 – The big surprise of the holiday-shortened week was Retail Sales, which rose 0.6% in December vs. expectations of 0.4%, and what is referred to as ‘Core’ Retail Sales (excl autos, gasoline, building materials, and food services) rose 0.8%,...
· Mortgage Rates1 – The release of the Consumer Price Index was the focal point of economic data this past week. While the headline number came in slightly above expectations, the CORE CPI Rate (which is the Fed’s primary focus) came in line with expectations...
· Mortgage Rates1 – Another holiday shortened week, but this one had a whole lot of jobs reports for the market to dig its teeth into. ADP and BLS reports showed a modestly better employment picture with slightly expanding employment, while the JOLTS report...
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