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Shutdown Effects

Due to the government shutdown, there was little major economic data released this week, and mortgage rates ended slightly higher. This week was more notable for the economic reports which did not get released rather than the ones that did. Tuesday's Retail Sales report became the most significant data so far to be delayed by the government [...] Read more

Inflation Steady

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 the volatile food and [...] Read more

Labor Market Excels

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 [...] Read more

Focus on Global Events

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 reduced [...] Read more

Strong Labor Market Data

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 [...] Read more

Strong GDP Growth

Weakness in the stock market was good for mortgage rates this week, while the major economic data was mixed and had little impact. As a result, mortgage rates ended the week lower. As was the case this week, stock prices and bond prices often move in opposite directions. The simple reason is that most economic events are influential because they [...] Read more

Fed's the Focus

The primary influence on mortgage rates this week was the Fed minutes, which were considered to be modestly negative. The major economic data released this week was generally weaker than expected, but its impact was minor, and mortgage rates ended a little higher. The minutes from the September 26 Fed meeting released on Wednesday contained no [...] Read more

Rates Inch Higher

Although this week's major U.S. economic data and European Central Bank meeting contained more good news than bad for mortgage rates overall, rates ended slightly higher. The most recent inflation data came in at lower than expected levels. The Consumer Price Index (CPI), a widely followed monthly inflation report that looks at the price change [...] Read more

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