· Mortgage Rates1 – Just when it was starting to look like the markets were settling down, a fresh round of CPI and more significantly, PPI data put us back in our place. The reason the PPI data (which came in up 0.6% month-over-month, twice what was...
· Mortgage Rates1 – A steady stream of ‘not so good’ economic news, a big ‘nothing burger’ coming out of Fed Chairman Powell’s semi-annual congressional testimony, a few words from the European Central Bank citing weaker inflation, and some ‘middle of the...
· Mortgage Rates1 – A glimmer of positive news on the mortgage front this week. A slight downward revision to Q4 GDP that put us at a 3.2% annual growth rate helped temper concerns about inflation. Together with PCE data (Personal Consumption Expenditures)...
· Mortgage Rates1 – Not much new news this week on the mortgage front. Aside from residual impact from the ‘next level’ analysis of last week’s CPI data that highlighted shelter costs rising 6.0%, this week was focused on the release of the Federal Reserve...
· Mortgage Rates1 – It was another rough week in the mortgage markets. Stronger than anticipated January Consumer Price Index (CPI) data pushed mortgage interest rates higher early in the week – a wake up call for the markets and anyone thinking that the...
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