· Mortgage Rates1 – Monthly reporting of jobs data hit the markets this week, with several important reports coming in stronger than expected, most notably this morning’s BLS Jobs Report that beat expectations by more than 50% (303k jobs created vs....
· Mortgage Rates1 – A mixed bag of economic data highlighted by upward revisions to Q4 2023 GDP has seen pundits shift their commentary to a ‘no landing’ scenario (vs. a ‘soft landing’). In essence, suggesting that the Fed may be justified keeping the Fed Funds...
· Mortgage Rates1 – The markets breathed a collective sigh of relief following Fed Chairman Jerome Powell’s post-meeting comments – alleviating concerns that the Fed may be justified in keeping its benchmark Fed Funds Rate at current levels for a more extended...
· 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)...
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