The post-election spike in mortgage rates kicked into higher gear this week, with most lenders near the worst levels in more than 2 years. In bittersweet juxtaposition, this week’s Existing Home Sales data (from October) was the best in nearly 10 years! Is the writing on the wall for the housing market? Yes and no.
Source: Kevin Litwicki Universal Lending
Rapidly Rising Rates: Writing on The Wall For Housing?

By now, you’ve probably heard that mortgage rates have spiked at a brutal pace to the highest levels of the year in the wake of the election. This week’s newsletter examines what that move was about, and what it was NOT about, as well as the possibility of bouncing back.
Source: Kevin Litwicki Universal Lending
Why Did The Election Kill Rates and Can They Come Back?

Heading into the election, interest rates tended to rise with Clinton’s chances of victory. But it was a Trump victory that sent rates on their wildest ride since the 2013 Taper Tantrum. Why?!
Source: Kevin Litwicki Universal Lending
Election Unexpectedly Sparks Massive Rate Spike

Interest rates of all shapes and sizes have been in an undeniable uptrend for more than 4 months. Why is it happening? And how bad could it get?
Source: Kevin Litwicki Universal Lending
For Rates, One Thing is Even Scarier Than The Election