March 2017

Last week’s newsletter made the case that this week’s Fed rate hike was “pointless” because bond markets (and mortgage rates) had already fully adjusted for it. Instead, it would be the Fed’s economic projections (their forecasts for future rate hikes) that would make or break this week’s rate movement. That’s exactly what happened.
Source: Kevin Litwicki Universal Lending
Fed Hikes, But Mortgage Rates Fall. Here's Why

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