Mortgage Rates Reverse Trends with Strong Economic Data
After a large decline in 2019 to the lowest levels in several years, mortgage rates finally reversed the trend due to this week's reports.
Mixed Economic Data This Week After Little Job Gains Miss
Mortgage rates saw little change after mixed economic data this week as investors look towards major central bank meetings later in the month.
Job Gains Tailspin Unexpectedly with the Employment Report Miss
As the U.S. realized weak labor market data, it saw job gains tailspin unexpectedly, leaving a favorable impact on mortgage rates.
CPI Shows Inflation Plummet as Mortgage Rates Actually Climb
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
GDP Triumphs Over Forecasts for Stronger Economic Growth This Quarter
The latest data saw GDP triumph over forecasts, reflecting stronger economic growth this quarter and an unfavorable reaction for rates.
Focus on the Fed Influences Mortgage Rates This Week
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.
ECB Comments Led Bond Yields to Spike Around the World
Today, ECB comments led bond yields to spike around the world. The comments stemmed from an unnamed official at the European Central Bank. As a result, global bond yields rose.