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MORTGAGE UPDATE 11/28/2022

Week of November 21, 2022 in Review A smorgasbord of news was released ahead of Thanksgiving, including an update on new home sales, jobless claims, the Fed and recession chatter. Read on for these stories: New Home Sales Better Than Expected in October Initial Jobless Claims Hit a Three-Month High Will the Fed Slow Its […]

MORTGAGE UPDATE 11/21/2022

Week of November 14, 2022 in Review Home sales and home construction cooled in October, while wholesale inflation data gave Bonds a boost. Here are the key headlines:– Low Housing Inventory Remains Supportive of Home Prices– Construction of Homes Continues to Slow– Builder Confidence Drops for Eleventh Consecutive Month– Wholesale Inflation Cooler Than Estimated– Continuing […]

Mortgage Update 11/7/2022

Week of October 31, 2022 in Review Fed Hikes Rates as Expected, Yet Press Conference Roils Markets As expected, the Fed hiked its benchmark Fed Funds Rate by an aggressive 75 basis points at its meeting last Wednesday, marking its sixth rate hike of the year and fourth consecutive 0.75% increase.  The Fed Funds Rate […]

Mortgage Update 8/15/2022

Week of August 8, 2022 in Review Both producer and consumer inflation were cooler than estimates last month, while Initial Jobless Claims moved higher once again. Here are last week’s key headlines: Consumer and Producer Inflation Cooler Than Expected in July The Consumer Price Index (CPI), which measures inflation on the consumer level, showed that […]