After a few good weeks for interest rates, things hit a bit of a speed bump this week thanks to a stronger-than-expected jobs report.
Source: Kevin Litwicki MBSLIVE
Rates Take a Breather After Surprisingly Strong Jobs Report

After going to great lengths to explain why the Fed Funds Rate isn’t the same as mortgage rates, we’ll now have to discuss how the Fed nonetheless found a way to push rates lower this week.
Source: Kevin Litwicki MBSLIVE
Rates Closing in on 8 Month Lows

This week ended up being underwhelming in terms of interest rate movement despite the much-anticipated Fed announcement on Wednesday.
Source: Kevin Litwicki MBSLIVE
Fed Holds Steady; Mortgage Rates Fall

The juxtaposition of last week’s jobs report and this week’s Consumer Price Index (CPI) created a fair amount of volatility, but for fans of low mortgage rates, it’s too soon to care.
Source: Kevin Litwicki MBSLIVE
Good News on Inflation, But Don't Expect a Fed Rate Cut

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