To understand what’s at stake in the week ahead, we need to understand where we are and where we’ve been. With that in mind, here’s a quick recap of the past year or so in global macroeconomics.
Source: Kevin Litwicki Universal Lending
Housing Market Gearing Up For a Big Week Ahead
Did Rates Get Too Good To Last?
It’s never fun when this weekly newsletter has back to back headlines concerning rates moving higher, but facts are facts. The average lender is back in line with the highest levels since March 20th. What went wrong and are there any silver linings?
Source: Kevin Litwicki Universal Lending
Did Rates Get Too Good To Last?
After Massive Response Last Week, Are Low Rates Already Gone?
While interest rates are always a topic of conversation in the housing and mortgage markets, everyone was talking about them last week. That tends to happen when the average 30yr fixed rate threatens to break into the high 3% range after a long absence. But just as quickly as the good times started to roll, rates bounced higher this week. Let’s take a look at the effects.
Source: Kevin Litwicki Universal Lending
After Massive Response Last Week, Are Low Rates Already Gone?