Tag Archives: Mortgage Rates

Last Week in Review: Rates hit seven-year highs midweek on the heels of a confusing Fed message

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Our Federal Reserve has a dual mandate – to maintain price stability (inflation) and maximum employment. They also have a 3rd “unstated” mandate, which is to maintain market calm. This past week, the Fed came up a bit short on that “unstated” mandate and created quite a bit of confusion… Read more »

Forecast for the Week: Corporate Earnings and Guidance are front and center

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The upcoming week will bring some key economic data that includes the closely watched Retail Sales Report for September. The markets will be watching this report to gauge the health of consumer spending as we head into the all-important holiday shopping season. Consumer spending makes up 70% of Gross Domestic… Read more »

Last Week in Review: Rates were higher early in the week – but improved on the heels of a soft Consumer Inflation reading and rout in Stocks

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When following the direction of interest rates, one only has to follow the direction of inflation. If inflation is moving higher, rates are going higher. The opposite is also true. Lately, there has been a growing fear that inflation is threatening to rise due to our tight labor market, strong… Read more »

Forecast for the Week: On Thursday, all eyes will be on the Consumer Price Index to see if inflation is indeed ticking up

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After last week’s plunge in Bond prices, which ushered in multi-year high yields and mortgage rates, financial markets and traders will have an important consumer inflation report to break down this week – the Consumer Price Index. One of the dual mandates of the Federal Reserve is to “maintain price… Read more »

Last Week in Review: Fed Chairman Powell praised the U.S. Economy and people are back to work

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The big news of the week – Bond prices went down, down, down, resulting in a sharp rise in interest rates to levels last seen in May 2011!!! What caused Bond prices to drop? Jobs, Jobs, Jobs. First it was Wednesday’s ADP Report, which showed an amazing 230,000 private jobs… Read more »