January 2022 Mortgage Rates Achieve Highest Levels Since Early 2020
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
With Wednesday’s Federal Reserve meeting, the continual conversation revolving the Fed tapering bond purchases took an interesting turn.
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.
In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.
As holiday consumer spending surges, the Federal Reserve plans adjustments for the recent colossal inflation, hitting a 30-year high.
In a short week, core PCE shows inflation quickly soaring in time for the holiday season while investors worry about price increases
The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.
As the holiday season approaches, the inflation frenzy continues. Currently, the U.S. faces a cavalcade of supply chain disruptions.
After months of slow recovery, inflation remains high. Meanwhile, the latest GDP reported showed a negative impact on supply chain growth.