HomeLoan123

Brexit Uncertainty Remains

Friday, Mar 15, 2019 By HomeLoan123.

Despite a series of Brexit votes in the UK this week, little progress was made, and the uncertainty was modestly favorable for mortgage rates. Weaker than expected inflation data also was positive, and rates ended the week lower.

During an otherwise routine week, investors were drawn to a series of events unfolding in the UK which could have a major impact on the region’s future. In a close vote way back in June 2016, the UK passed a referendum to end its membership …

Quiet Week

Friday, Feb 8, 2019 By HomeLoan123.

Sandwiched between recent major economic events and several more later in the month, there was little significant economic news this week, and mortgage rates ended slightly lower.

Investors were mostly focused on bigger picture economic conditions this week, and their primary questions concerned the outlook for global growth. While the forecast for U.S. gross domestic product (GDP) growth in 2019 has held relatively steady around 2.5%, many other regions have been …

Shutdown Effects

Friday, Jan 18, 2019 By HomeLoan123.

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 shutdown which began on December 22. Since consumer spending accounts for about 70% of all economic activity in the U.S., the …

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 …