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.
While mortgage markets stay volatile, the unemployment rate fell to the lowest level since early 2020 as inflation came in on target.
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
Mortgage markets experienced another volatile week as the Russian invasion of Ukraine dominated headlines.
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
The first week of 2022 saw mortgage rates rise to kick off the New Year, pushing them to their highest levels since April of 2021.
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.
This past week marked disappointment in the labor market as job gains see a startling plummet. The major economic data accompanied by Friday's labor market report fell well below analyst expectations.