Housing Momentum Continues into the New Year
Housing momentum continues into 2021 as December shows off a white-hot market. Typically, the end of December exhibits very light trading volume and limited investor reaction to economic news.
Low Inflation Persists as Coronavirus Spreads Throughout the World
It was another relatively quiet week for mortgage markets, seeing low inflation. The European Central Bank meeting met expectations.
Retail Sales Rise After the Wonderful July Consumer Spending Rebound
This week, the United States economy saw retail sales rise, though they caused a minimal reaction for mortgage rates.
Economic Shutdown This Year Fuels GDP Decline Despite the Recovery
With the recent economic shutdown, mortgage rates dropped slightly to new record-low levels this week, alongside declining GDP.
Consumer Spending Surges Again with Tremendous Retail Sales
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
Emerging Housing Market Highlighted by Home Sales and Recovery
Despite the ongoing coronavirus pandemic, recent data reflects an emerging housing market across the United States.
Coronavirus Pandemic Now Inspires Plummeting Inflation Alongside Reduced Activity
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
Stocks Plunge Amidst Latest Coronavirus Concerns in 2020
This week, stocks plunged amidst the latest concerns regarding the coronavirus pandemic while investors shifted their to less risky assets.
Trade Talks Face Hurdles as China Takes on New Concessions
The United States-China trade talks face hurdles, generating a favorable impact for mortgage-backed securities this week.
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.