March 2022 Mortgage Rates Rise as the Market Stays Volatile
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
As investors focused heavily on the high inflation, mortgage rates rose to their highest levels since late 2018.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
Last week, mortgage markets experienced daily volatility as the Russia-Ukraine conflict led to soaring demand for mortgage-backed securities.
Last month, January 2022 mortgage rates achieved their highest levels since early 2020 as investors again saw record-setting inflation.
As inflation surges to the highest level since 1982, the mortgage market left investors stunned after months of remaining on-edge.
Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
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.