Industry News

Wednesday’s speech by Fed Chair Powell was favorable for mortgage rates, while the recent economic data caused little reaction, and rates ended the week lower. Similar to recent comments from other Fed officials, Fed Chair Jerome Powell’s speech hinted at a slower pace of monetary policy tightening, which was good news for both stocks and […]

The primary influences on mortgage rates this week came from outside the U.S. Concerns about the pace of global economic growth and uncertainty about British plans for exiting the European Union were favorable for rates, while the U.S. economic data had little impact. The net effect was that mortgage rates ended the week lower. Investors […]

While there was a wide range of economic news, it was a quiet week for mortgage rates. Reaction to the inflation data, the election results, and the Fed meeting was minimal, and mortgage rates ended the week with little change. The one significant surprise in this week’s economic news was Friday’s inflation data. The Producer […]

Stronger than expected labor market data was the primary influence on mortgage rates this week. The stock market remained volatile and posted gains for the week. Mortgage rates ended a little higher. Friday’s heavily watched Employment report showed that well above average improvement in the labor market continued for yet another month. Against a consensus […]