High Inflation Leads To Reduced Mortgage Applications
In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes.
In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes.
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
As investors eagerly awaited the European Central Bank meeting, the latest decision on inflation came as a blindside.
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.
The latest few months highlight the trend of the United States resurgence suffering. Key data revealed mixed results throughout the economy.
As expected, the latest European Central Bank announcement came out this week. After months, they finally announced the expected policy change in its bond purchase program.