It was a complex week in the world of mortgage rates and housing markets. Such complexity often creates inconsistent news coverage. At best, most of the coverage fell short. At worst, some of it was downright wrong. Let’s clear things up!
Source: Kevin Litwicki Universal Lending
Don't Be Fooled By Fake News on Rates and Housing

This week’s key story was the big spike in interest rates. Is it something that deserves our attention? Certainly! That’s why we give rising rates plenty of attention week after week. That having been said, is it the end of the world for the housing market? Certainly not.
Source: Kevin Litwicki Universal Lending
Higher Rates Deserve Attention, Not Panic

The US withdrawal from the Iran nuclear deal dominated the news this week. This will arguably impact rates, albeit in a subtle, roundabout way. The housing market won’t care much, but it’s not without its own challenges.
Source: Kevin Litwicki Universal Lending
Housing Can Survive Higher Rates

One short week after witnessing a return of interest rate volatility, it disappeared again this week. Sure, there were some small-scale ups and downs throughout the week, but in the bigger picture, investors are wrestling with bigger decisions.
Source: Kevin Litwicki Universal Lending
Too Soon to Think About The Next Recession?