For nearly 2 months, rates have been in limbo, stuck between the lower, more stable levels seen in March and the higher range seen at the beginning of the year. With many market participants waiting for more clarity on trade policies, it has been up to major economic data to make a case for any major moves in rates.
Source: Kevin Litwicki MBSLIVE
Jobs Report Chases Rates Back Into The Range

In addition to being shorter than normal due to the Memorial Day holiday, there wasn’t much meat on this week’s event calendar–at least not as far as the rate market was concerned. Earnings releases caused some volatility in the stock market, but rates drifted sideways to slightly lower after a larger drop on Tuesday.
Source: Kevin Litwicki MBSLIVE
Calmer, Friendlier Week For Rates Amid Mixed Signals For Housing

Source: Kevin Litwicki MBSLIVE
Rates Back to 7%. What Will It Take For Them to Drop?

With 15 minutes left in the trading day, Moody’s delivered a weekend surprise that may result in another volatile start in the week ahead.
Source: Kevin Litwicki MBSLIVE
Some Uncertainty at The End of an Otherwise Decent Week

The market is constantly making bets on where the Fed Funds Rate will end up for any given moment many months into the future. As such, that rate expectation is constantly changing. It will continue to change, and it will change in different ways for different time frames.
Source: Kevin Litwicki MBSLIVE
Fed Rate Expectations Have Fully Erased The Tariff Impact (For Now)

Whether you refer to it as “strong,” or “not as bad as feared,” this week’s economic reports were better than the market was prepared for. The result is moderately higher rates.
Source: Kevin Litwicki MBSLIVE
Rates Move Up After Stronger Economic Data

Significant market volatility has been all over the news since the April 2nd tariff announcement, but this week went a long way toward restoring a sense of calm.
Source: Kevin Litwicki MBSLIVE
Markets Calmed Down Immensely This Week. Lowest Rates since April 7th

Last week, there was a curious, but not uncommon juxtaposition of widespread headlines claiming “lower mortgage rates” and our own headline suggesting one of the biggest weekly jumps in years. Neither were incorrect, but only one was timely.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Are Actually Much Lower This Week

Whether we’re talking about mortgage rates or a quintessential yard stick of the rate world like the 10yr Treasury yield, it was the roughest week in quite a while.
Source: Kevin Litwicki MBSLIVE
Biggest Weekly Jump For Rates In Quite a While. Will it Keep Going or Calm Down?

It was a great week for fans of chaos, volatility, and low interest rates.
Source: Kevin Litwicki MBSLIVE
Lowest Rates Since October as Tariffs Spark Staggering Volatility