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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

Trade Negotiations

While there was some major economic data released this week, there were no significant surprises, and its impact on mortgage rates was minor. By contrast, news on trade deals caused a negative reaction, and mortgage rates ended a little higher. The Trump administration long ago expressed an intention to end the NAFTA trade agreement which has been [...] Read more

Turkey, Retail Sales, Housing Starts

Over the past week, increased concerns about Turkey offset stronger than expected economic data, and mortgage rates ended the week with little change. Due to a combination of Turkish government policy decisions, U.S. Fed rate hikes, and other global factors, economic conditions in Turkey have been getting worse for quite a while. The clearest [...] Read more

No Surprises

While there was major economic data released this week and a Fed meeting, there were no significant surprises. Mortgage rates ended the week a little higher. Friday's key Employment report came in pretty much right on target across the board. Against a consensus forecast of 190,000, the economy gained 157,000 jobs in July. However, upward [...] Read more

Quiet Week

This week was one of the quietest of the year. The major economic data generally matched the expected levels, and mortgage rates ended nearly unchanged. The most significant economic data released this week was the inflation data. The Consumer Price Index (CPI), the most closely watched monthly inflation report, looks at the price change for [...] Read more

Quiet Week

There were few surprises in the data released this week or in the other economic news. It was a quiet week, and mortgage rates ended a little lower. One reason that the Fed has been raising the federal funds rate is that inflation has moved higher in recent months. The Fed's favored inflation indicator is the core PCE price index. After holding [...] Read more

Inflation Falls Short

There was little major news this week and not much reaction to the economic data. Investors shifted some assets from bonds to stocks, and mortgage rates ended the week a bit higher. Perhaps the most widely followed inflation report is the Consumer Price Index (CPI), which looks at the price change for a basket of goods and services. Investors [...] Read more

Quiet Week

Despite a wide range of major economic news, it was a very quiet week for mortgage rates. The key labor market report, the inflation data, and the Fed meeting caused little reaction. Mortgage rates ended the week nearly unchanged. The economy added 164,000 jobs in April, below the consensus for an increase of 190,000. However, upward revisions [...] Read more

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