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Volatility from Politics

Political news caused some volatility for mortgage rates this week, but the net effect was small. There was little reaction to the economic data or to Friday's highly anticipated speech by Fed Chair Janet Yellen. Her speech did not include comments about monetary policy. Mortgage rates ended the week slightly lower, at the best levels of the year. [...] Read more

Fed Officials Debate Inflation

Comments from Fed officials caused some volatility this week but had little net effect. The economic data caused little reaction. Mortgage rates ended the week nearly unchanged, close to the best levels of the year. Last week's weak inflation data had Fed officials talking this week. To the surprise of many, inflation has declined during each of [...] Read more

Little Reaction to Big Events

During a light week for economic reports, investors were focused on three big events. There was little reaction to the events, however. For the first time in a month, mortgage rates ended the week a little higher, rising from the best levels of the year. Three events on Thursday had the potential to significantly affect mortgage rates. However, [...] Read more

Fed Minutes Reveal Plan

With few new political headlines or major surprises in the economic data, it was a quiet week. Wednesday's release of the Fed minutes was the biggest market mover, but those gains were offset by small losses on other days. Mortgage rates ended the week with little change. Wednesday's release of the detailed minutes from the Fed meeting on May 3 [...] Read more

French Election and U.S. Data

A victory by Macron in the French election was viewed as negative for mortgage rates early in the week, while Friday's weaker than expected U.S. economic data was positive. These influences were roughly offsetting, and mortgage rates ended the week with little change. Sunday's French Presidential election featured one pro-EU candidate, Macron, and [...] Read more

Fed Holds Steady

Wednesday's Fed meeting was viewed as slightly negative for mortgage rates. The success of Macron in holding his lead in the polls for the upcoming French election also was unfavorable. Friday's Employment report had little impact. As a result, mortgage rates ended the week a little higher. As expected, the Fed made no change in the federal funds [...] Read more

Focus on French Election

It was a volatile week for mortgage rates ahead of Sunday's French election. The daily movements were offsetting, however, and mortgage rates ended the week with little change, remaining near the best levels of the year. The first round of the French Presidential election will take place on Sunday. The two candidates who receive the most votes on [...] Read more

Lowest Levels of Year

A wide range of news was positive for mortgage rates this week, and it far outweighed the relatively minor unfavorable influences. As a result, mortgage rates ended the week lower, at the best levels of the year. Investors grew more concerned about the conflicts in Syria and North Korea this week. Their response was to seek relatively safer [...] Read more

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