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What’s Ahead For Mortgage Rates This Week – December 13. 2021

Last week’s economic reporting included readings on job openings and quits, month-to-month and year-over-year readings on inflation, and the University of Michigan’s preliminary consumer sentiment survey for December. Weekly readings on mortgage rates and jobless claims were also released

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What’s Ahead For Mortgage Rates This Week – November 29, 2021

Last week’s economic reporting included readings on sales of new and previously-owned homes, inflation, and weekly readings on mortgage rates and jobless claims. President Biden announced his nomination of Federal Reserve chairman Jerome Powell for a second term. Financial markets were closed Thursday and Friday for the Thanksgiving holiday.

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FOMC Statement: Fed Policymakers Discuss Easing Accommodations as Economy Improves

The Federal Reserve’s Federal Open Market Committee considered easing monetary accommodations implemented in response to stronger economic conditions according to its post-meeting statement issued November 3. The Fed started making trillions in monthly bond purchases when the pandemic started but slowed its purchasing pace to $120 billion per month in June 2020. The Fed will soon reduce its monthly bond purchases to $105 billion monthly.

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What’s Ahead For Mortgage Rates This Week – October 25, 2021

Last week’s economic reporting included the National Association of Home Builders’ Housing Market Index reports on building permits issued and housing starts, The National Association of Realtors(R) reported on sales of previously owned homes, and weekly readings on mortgage rates and jobless claims were also published.

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