Weekly Market Report

Weekly Market Report from Cross Country Mortgage

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Housing Market News Weekly Market Update: 03/15/24 Week Ending 03/15/2024 Weekly Market Update: High Inflation Helping you navigate the market High Inflation Stronger than expected inflation data was negative for mortgage markets this week. A shortfall in consumer spending was a distant second in importance to investors, and mortgage rates ended the week higher. The Consumer Price Index (CPI) is one of […]
Housing Market News Weekly Market Update: 03/08/24 Economic Data Weekly Market Update for Week Ending in 03/08/2024 Helping you navigate the market Unemployment Rate Climbs This week, the major economic data was weaker than expected, and there were no unfavorable surprises from the Fed. As a result, mortgage rates ended a little lower. Following very strong gains in January, the economy added […]
Housing Market News Weekly Market Update – 01/26/2024 Week Ending 01/26/2024 Weekly Market Update Helping you navigate the market Inflation Eases The major inflation data released this week was right on target. While GDP growth exceeded expectations, its impact was minor. As a result, mortgage rates ended the week with little change. Fed officials keep a close eye on inflation, and the PCE […]
Housing Market News Weekly Market Update for Week Ending 12/08/2023 Weekly Market Update from Cross Country Mortgage for the Week Ending 12/8/23 Mixed Labor Market Data The major economic data released this week revealed mixed results. This caused some volatility during the week, but mortgage rates ended with little change. In November, the economy added 199,000 jobs, above the consensus forecast of 180,000, but the […]
Housing Market News Weekly Market Update for Week Ending 12/01/2023 Weekly Market Update from Cross Country Mortgage for Week Ending 12/01/2023 Helping you navigate the market Focus on Fed Officials While the major economic data released this week caused little reaction, surprisingly dovish (in favor of looser monetary policy) comments from a Fed official were favorable for mortgage markets. As a result, rates ended the […]
Housing Market News Weekly Market Update for Week Ending 7/28/2023 Weekly Market Update from Cross Country Mortgage for the Week Ending 7/28/2023 Helping you navigate the market Fed Hikes Rates If the goal of Fed officials was to avoid any surprises at the meeting on Wednesday, they succeeded, completely sticking to the expected script. They raised the federal funds rate by 25 basis points to […]
Housing Market News Weekly Market Update for Week Ending 7/21/2023 Weekly Market Update from Cross Country Mortgage for the Week Ending 7/21/2023 Helping you navigate the market CONSUMER SPENDING RISES Mortgage markets were relatively quiet over the past week. There were no significant surprises in the economic data, and Fed officials refrained from any speaking appearances ahead of the meeting next week. As a result, […]
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