This week brought the release of New and Existing Home sales. Both reports fell short of expectations. Fortunately, bankers also delivered less than expected, thus helping rates stay at 2017’s lows.
Source: Kevin Litwicki Universal Lending
Rates Are At 2017 Lows, But So Are Home Sales

Twitter might not be the first place you look for authoritative financial news, but its impact on markets is increasingly undeniable. That’s actually been the case for a long time, but weeks like this really drive home the point.
Source: Kevin Litwicki Universal Lending
This Week's Biggest Market Mover: Twitter!

This week’s news was primarily focused on escalating nuclear rhetoric between the US and North Korea. This week also saw mortgage rates drop to the lowest levels since November 2016. The connection between those two developments, however, is debatable.
Source: Kevin Litwicki Universal Lending
Nuclear Headlines and New Lows For Rates. Coincidence?

One of the week’s most interesting headlines came courtesy of the 91-year-old ex-Fed Chair Alan Greenspan who warned of a bubble bursting in the bond market. Even if such a thing materializes as a legitimate threat in the future, we’re nowhere close at the moment. This week’s market movement concurs!
Source: Kevin Litwicki Universal Lending
Bond Bubble Bursting? Not This Week