Rates rocketed lower with stunning consistency starting in late February. They finally bounced last week, but rather than move back up to previous levels, they held in a relatively narrow, sideways range. That set the stage for a showdown this week.
Source: Kevin Litwicki MBSLIVE
Interest Rates Had a Boring Week, And That's a Good Thing

There’s a lot for financial markets to digest at the moment. Over the past few weeks, the net effect of that digestion has been good for bonds/rates and bad for stocks. But the prevailing correlation broke down this week and few people in the U.S. truly understand why.
Source: Kevin Litwicki MBSLIVE
The Secret Reason That Rates Bounced This Week

Rates have been almost perfectly consistent in moving lower since February 13th and broadly consistent since January 15th. There’s one big reason for that and it’s simpler than you might think.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Closing in on 4 Month Lows

It ended up being another good week for rates with another Friday drop to the lowest levels in 2 months. Momentum shifted for the better after Wednesday’s Fed Minutes but accelerated quickly after Friday’s economic data. Which deserves more credit?
Source: Kevin Litwicki MBSLIVE
Lowest Rates in 2 Months. Was it The Fed or Econ Data?

The final two days of the present week weren’t on many bingo cards as of Wednesday afternoon. At the time, rates were jumping higher in response to inflation data and no one expected to end the week at the lowest levels in nearly 2 months.
Source: Kevin Litwicki MBSLIVE
The Unlikely Story of Mortgage Rates Falling to 2 Month Lows Despite Higher Inflation

It would be more than fair to expect elevated market volatility based on the quantity and tone of recent news headlines. But the market remains more focused on the hard data.
Source: Kevin Litwicki MBSLIVE
Despite Apparent Volatility, Rates Have Been Surprisingly Calm

Spoiler alert: no one really knows how tariffs are going to impact the market yet. Much is left to be decided, and the outcomes can vary depending on the details.
Source: Kevin Litwicki MBSLIVE
Bonds Brace For Tariff Impact, Just Like Last Time

Can Trump Actually Force Rates to Move Lower? Yes, but not immediately, not the way
Source: Kevin Litwicki MBSLIVE
Can Trump Actually Force Rates to Move Lower?

Last week’s big to-do was the jobs report, which sent rates sharply higher. This week’s inflation data had a chance to add fuel to that fire or put it out.
Source: Kevin Litwicki MBSLIVE
Rates Recover After Tame Inflation Data

Mortgage rates weren’t having a great week in the first place. As of Wednesday, the average lender was already up to the highest levels since June 2024. But up until that point, there hadn’t been too much volatility.
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in 7 Months After Upbeat Jobs Report