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Labor Market Excels

Friday, Jan 4, 2019 By HomeLoan123.

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 consensus forecast of 180,000, the economy added a whopping 312,000 jobs in December. In addition, upward revisions added …

Focus on Global Events

Friday, Nov 16, 2018 By HomeLoan123.

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 their outlook for global economic growth this week, partly due to the news that economic output contracted in Germany and Japan …

Strong Labor Market Data

Friday, Nov 2, 2018 By HomeLoan123.

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 consensus forecast of 190,000, the economy added 250,000 jobs in October. The job growth was spread across many sectors of …

Strong GDP Growth

Friday, Oct 26, 2018 By HomeLoan123.

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 change the outlook for future growth and inflation. Since a stronger economy is positive for stocks and negative for bonds (and …

Fed's the Focus

Friday, Oct 19, 2018 By HomeLoan123.

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 major surprises, but investors viewed them as slightly more hawkish (meaning in favor of tighter monetary policy) than expected. …

Rates Inch Higher

Friday, Sep 14, 2018 By HomeLoan123.

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 major surprises, but investors viewed them as slightly more hawkish (meaning in favor of tighter monetary policy) than expected. …