Housing Momentum Continues into the New Year
Housing momentum continues into 2021 as December shows off a white-hot market. Typically, the end of December exhibits very light trading volume and limited investor reaction to economic news.
Retail Sales Fall Short with Disappointing New Consumer Spending Report
After a wide array of economic releases, the impact saw retail sales fall short. Overall, there was no shortage of economic news.
Low Inflation Persists as Coronavirus Spreads Throughout the World
It was another relatively quiet week for mortgage markets, seeing low inflation. The European Central Bank meeting met expectations.
Job Gains Fall Short Despite Strong Economic Rebound
This past week saw job gains fall short, in spite of a wide range of news. Investors reacted to major economic data, COVID-19 headlines, and negotiations in Congress for additional aid.
Strong New Home Sales Despite Virus Stifling Economy
The short holiday week was a relatively quiet period for mortgage rates, though the United States economy saw strong new home sales. Mortgage rates remained near record-lows.
Retail Sales Rise After the Wonderful July Consumer Spending Rebound
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
Unemployment Rate Plunges as Job Market Greatly Improves This Year
This week, the latest labor market report came out, reflecting a plunging unemployment rate and massive job gains.
Economic Shutdown This Year Fuels GDP Decline Despite the Recovery
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
Consumer Spending Surges Again with Tremendous Retail Sales
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Emerging Housing Market Highlighted by Home Sales and Recovery
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.