Extremely strong economic reports were negative for mortgage markets this week. With the rollout of the Covid vaccine gaining steam and additional government stimulus on the way, most investors expect that future data will be even more impressive. As a result, mortgage rates ended the week at their highest levels in months.  Since consumer spending accounts for over two-thirds of …

It was a relatively quiet week for mortgage markets. While current inflation levels remain low, investors are divided about its outlook for later in the year. Mortgage rates ended the week nearly unchanged. The reduced economic activity resulting from the pandemic has caused a decline in inflation, which has been one of the factors responsible for record low mortgage rates, …

It was a relatively quiet week for mortgage markets overall. Friday’s key labor market data caused some volatility, but its lasting impact was minor. Rates ended the week a little higher. The highly anticipated monthly Employment report contained mixed news, but it is clear that the spread of the coronavirus has slowed the pace of labor market improvement in recent …

For mortgage markets, concerns about the spread of variant strains of Covid roughly offset stronger than expected inflation data this week. Wednesday’s Fed meeting produced no surprises and the reaction was minor. As a result, rates ended the week with little change. The reduced economic activity resulting from the pandemic has caused a decline in inflation, which has been one …

A wide range of major economic news caused some volatility for mortgage rates this week. However, the net effects of a proposed new stimulus package, Fed speeches, and disappointing consumer spending data were roughly offsetting, and mortgage rates ended with little change.  On Thursday, President-elect Biden released the details of a $1.9 trillion coronavirus rescue package intended to assist households …

The Democratic sweep in the Georgia Senate runoff election was viewed as unfavorable for mortgage rates. While Friday’s labor market report was mixed, this week’s other major economic data was very strong, which also was negative for rates. As a result, rates rose a little, but remain near record low levels and are roughly a full point lower than a …

The last couple of weeks of December typically exhibit very light trading volume and limited investor reaction to economic news. This year was no exception, and mortgage rates remained near record low levels. While rising case counts of the coronavirus have slowed economic activity in some areas of the economy such as consumer spending near the end of the year, …

There was no shortage of economic news this past week including a disappointing report on consumer spending, encouraging housing data, progress on a government stimulus deal, and a Fed meeting. These events had surprisingly little impact on mortgage markets, however, and rates remained near record low levels. Following sharp declines in March and April due to the pandemic, consumer spending …

It was another relatively quiet week for mortgage markets, as the major economic data and the European Central Bank meeting were in line with expectations. Rates remained near record low levels. The reduced economic activity resulting from the coronavirus has caused a decline in inflation, which has helped keep mortgage rates low. The Consumer Price Index (CPI) is a widely …

Investors reacted this week to major economic data, Covid headlines, and negotiations in Congress for an additional aid package. Despite the wide range of news, however, it was a relatively quiet week for mortgage markets, and rates remained near record low levels. While the solid rebound from unprecedented job losses caused by the partial shutdown of the economy has continued, …