Given an ongoing plateau in home sales figures in 2015-2016, many housing economists thought the late 2016 rate spike would cement a slow-down for the housing market. Although purchase apps definitely took a hit at first, sales metrics have come roaring back.
Source: Kevin Litwicki Universal Lending
Housing Market Resilience Defying The Odds

It used to be that higher inflation meant higher rates, period. That changed abruptly beginning in 2011. The combination of global financial panic and unconventional monetary policy helped rates plummet even as inflation recovered from its post-meltdown lows. The longstanding correlation seemed to have broken, but it’s beginning to look like it has merely been dormant.
Source: Kevin Litwicki Universal Lending
Inflation is Just One of Rates' Multiple Personalities

The US presidential election and the ensuing shift in tone on the part of the Federal Reserve were certainly game-changers for financial markets in the short term. But now that the dust is settling from the initial reaction, markets are looking like they’re not entirely sure where they want to go from here. Are they confused, scared, or just waiting?
Source: Kevin Litwicki Universal Lending
Are Markets Confused, Scared, or Just Waiting?

By some standards, the past 3 months already adds up to a dire outcome for mortgage rates. This week’s Fed announcement and jobs report helped avoid a more dire outcome, but we’re definitely not out of the woods yet.
Source: Kevin Litwicki Universal Lending
Fed Statement Helps Rates Avoid More Dire Outcome