It was a fraught week for rates and housing, with plenty of movement in financial markets and plenty of contradictions in economic data.
Source: Kevin Litwicki Universal Lending
Is Rate Recovery Enough To Keep Housing Healthy?

It was a busy week, both in terms of housing-related data and market developments. While the Fed Announcement has helped rates recover somewhat from their recent move higher, we’re left to wonder if the housing market is shifting into a lower gear.
Source: Kevin Litwicki Universal Lending
Fed Helps Rates Recover But Inventory Holds Housing Back

Following last week’s announcement from the European Central Bank, the tone in rates markets has shifted. This time around, it’s less about the fear of a potential Fed hike and more about the risk that central banks won’t be able to keep longer term rates low forever.
Source: Kevin Litwicki Universal Lending
Most Serious Move Higher For Rates in Over a Year

Have you ever wondered if there was some secret force driving a majority of market movement? Trust those instincts. There really is one elephant in the room when it comes to market movement, and it’s not so secret! In fact, there are several sightings just this week.
Source: Kevin Litwicki Universal Lending
The Not So Secret Driving Force Behind Mortgage Rate Movement

You’ve seen forced confessions on various crime dramas over the years. In this drama, however, it’s financial markets that are forcing a confession out of the Fed.
Source: Kevin Litwicki Universal Lending
Markets Forcibly Extract Fed's Message