Market Updates – 01/11/2019

There were no significant surprises in the major economic data or in the news from the Fed this week, and mortgage rates ended with little change. The Consumer Price Index (CPI) is a widely followed monthly inflation report that measures the price change for goods and services. Most investors look at core CPI, which excludes […]

Market Updates – 01/04/2019

Strong labor market data mostly offset weak manufacturing data and increased concern about the pace of global economic growth this week, and mortgage rates ended a little lower. Stronger than expected results for Friday’s key monthly Employment report were negative for mortgage rates, since they raised the outlook for future inflation. Against a consensus forecast […]

Market Updates – 12/21/2018

Continuing concern about the pace of global economic growth was good for mortgage rates and negative for stocks this week. The major U.S. economic data and the Fed meeting were smaller influences, and mortgage rates ended the week lower. As expected, the Fed raised the federal funds rate by 25 basis points on Wednesday. The […]

Market Updates – 12/14/2018

While a lot of volatility again was seen in the stock market, it was a relatively quiet week for mortgage rates. The major U.S. economic data came in on target, and there were no surprises from the European Central Bank. As a result, rates ended with little change. Consumer spending accounts for about 70% of […]