·         Mortgage Rates1 –  Weaker than expected GDP growth data, together with higher than expected Personal Consumption Expenditures (PCE) data revived concerns about the potential for...

·         Mortgage Rates1 – Looks like the cat is out of the bag.  With Fed Chairman Powell’s comments at a policy forum earlier this week saying that he was “no longer confident that inflation is...

·         Mortgage Rates1 – Yikes, who knew that CPI was actually a four-letter word?  March inflation data was hotter than expected almost any way you look at it.  Higher inflation suggests that...

·         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...

·       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...

·         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...

·         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...

·         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...

·         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...