Last week's financial reporting was dominated by readings on inflation. Weekly reports on mortgage rates and jobless claims were also released and Treasury Secretary Janet Yellen cautioned lawmakers that the debt ceiling must be raised or eliminated.
What’s Ahead For Mortgage Rates This Week – July 18, 2022
Inflation dominated last week's economic readings and predictions as it hit a year-over-year growth rate of 9.10 percent in July. Inflation reached its highest year-over-year growth rate since 1981. Gasoline prices eased somewhat, but not enough to provide relief against a backdrop of high housing and food prices. Low and moderate-income consumers were disproportionately impacted as rents rose beyond near-record inflation and home prices remained out of reach for many would-be home buyers.
What’s Ahead For Mortgage Rates This Week – February 14, 2022
Last week's economic reporting included readings on inflation and the University of Michigan's preliminary February reporting on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.
Why Purchasing A House In 2022 Is Smart Despite Inflation
Anyone who has paid attention to the news has likely noticed that inflation is a constant headline. Inflation takes place when the average cost of goods and services begins to rise. There are a number of reasons why inflation has been rising at record rates during 2021 and 2022.
What’s Ahead For Mortgage Rates This Week – January 18, 2022
Last week's scheduled economic reporting focused on inflation with monthly and year-over-year readings on overall and core inflation. Federal Reserve Chair Jerome Powell was confirmed for a second term as Federal Reserve chair. The University of Michigan released its monthly survey on consumer sentiment and weekly readings on mortgage rates and jobless claims were also released.
FOMC Statement: Fed Policymakers Discuss Easing Accommodations as Economy Improves
The Federal Reserve's Federal Open Market Committee considered easing monetary accommodations implemented in response to stronger economic conditions according to its post-meeting statement issued November 3. The Fed started making trillions in monthly bond purchases when the pandemic started but slowed its purchasing pace to $120 billion per month in June 2020. The Fed will soon reduce its monthly bond purchases to $105 billion monthly.
What’s Ahead For Mortgage Rates This Week – August 16, 2021
Last week's economic reporting included readings on job openings, inflation, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.
What’s Ahead For Mortgage Rates This Week – July 19, 2021
Last week's scheduled economic reports included readings on inflation, Fed Chair Jerome Powell's testimony before the House Financial Services Committee, and the University of Michigan's Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released.
