Data released by the U.S. Department of Commerce showed inflation-adjusted GDP increasing 2.7% YoY during 4Q22, lower than the expected 2.9%. The GDP data showed the PCE price index increasing 3.7% YoY in the fourth quarter. The core measure that…
Producer Price Index (PPI) rose 0.7% MoM, higher than market expectations of 0.4%, hitting a new high since June 2022. For the week ending 10th Feb, the MBA’s (Mortgage Bankers Association) weekly mortgage applications survey reported its Market Composite Index…
According to data from the Mortgage Bankers Association’s (MBA) data, mortgage applications increased 7.4% from one week earlier for the week ending February 3. U.S. mortgage rates fell for the fifth consecutive week, with demand for purchases and refinancing both…
The Federal Reserve raised interest rates by 25 bps as expected, the benchmark rate went up to the range of 4.50% -4.75%, the highest since October 2007. The 25 bps rate hike marked a further slowdown in pace of rate…
