Mortgage Market Update 2-01-21

A slower-than-anticipated vaccine rollout, coupled with a continued rise in cases and restrictions, likely held back growth. However, activity is projected to rebound strongly once vaccines are more widely distributed, returning the economy to some semblance of normal.

Fed Chairman Jerome Powell said it was premature to taper bond purchases, and the Fed would have to see improvement towards its goals before possibly cutting back on purchases. He expects inflation to tick higher in the coming months because of low prices last year, as well as a potential burst in consumer spending as vaccines help to reopen the economy. Powell reiterated that the Fed would allow inflation to rise above 2% for some time。

The Fed will be purchasing up to $7.79B in mortgage-backed-securities today.

Interest rates have been rising recently, it is recommended that everyone sets their lock-in target rate, and keeps paying attention to the market.

疫苗推出的速度慢于预期，再加上病例的持续增加和活动的限制，很可能会抑制增长。但是，一旦疫苗分發更广泛，一切活动预计会强劲反弹，从而使经济恢复到正常水平。

美联储主席鲍威尔（Jerome Powell）表示，逐渐减少债券购买为时尚早，美联储必须在实现目标之前经济有所改善，然后才可能减少购买。他预计，由于去年的低价，以及由于疫苗有助于重新开放经济而使消费者支出可能激增，未来几个月的通货膨胀率将会上升。鲍威尔重申，美联储将允许通胀在一段时间内升至2％以上。

美联储今天将购买最多$ 7.79B的抵押贷款支持证券。

利率最近有上涨的势头，建议大家随时关注市场，设定合理锁定目标。

Economic Calendar