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Mexican Trade Deal

Friday, Jun 14, 2019 By HomeLoan123.

News of a trade deal with Mexico and a wide range of major economic data caused some volatility this week. The net effect of all the news was minor, however, and mortgage rates ended just slightly higher.

Since consumer spending accounts for over two-thirds of all economic activity in the U.S., the retail sales data is a closely watched indicator of growth each month, and the most recent report revealed that spending has been solid this year. In May, retail sales increased …

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. …