Investors Anticipate Easing

Friday, Jul 19, 2019 By HomeLoan123.

Rising expectations for looser global monetary policy outweighed stronger than expected major U.S. economic data this week, and mortgage rates ended a little lower.

Early in the week, comments from European Central Bank (ECB) officials suggested that there may be a rate cut soon to help stimulate economic activity. Then the U.S. Fed’s Williams made an unexpectedly dovish speech on Thursday in which he appeared to lay out the reasoning for a rate cut at the next …

Steady Inflation

Friday, Mar 29, 2019 By HomeLoan123.

It was a light week for economic news with few surprises, and mortgage rates ended nearly unchanged.

One big reason that mortgage rates have improved in recent weeks, and that the Fed has shifted toward looser monetary policy, is that inflation has held steady. Despite a very tight labor market by historical standards, wage growth has been moderate, and overall inflation levels in the economy have been constrained.

This trend continued in January, as the core PCE price …

GDP Beats Forecasts

Friday, Mar 1, 2019 By HomeLoan123.

Stronger than expected economic growth data was unfavorable for mortgage rates this week. Progress in the trade negotiations also was negative, and mortgage rates ended the week higher.

The report on gross domestic product (GDP), the broadest measure of economic growth, for the fourth quarter of 2018 was delayed quite a bit by the government shutdown, but it was worth the wait. GDP increased 2.6% during the fourth quarter, down from 3.4% in the third quarter, yet well …