Rates are low! How low are they? How fast have they fallen? Are mortgage rates keeping pace with rates in general? And what’s the implication of all this?
Source: Kevin Litwicki MBSLIVE
Rates Are Low. They're Also High. What's Up With That?

This week’s policy announcement from the Federal Reserve (aka “The Fed”) was hotly anticipated. Markets have increasingly predicted Fed rate cuts in 2019 for a variety of reasons and this was the Fed’s first chance to address the most rapid change in those expectations.
Source: Kevin Litwicki Universal Lending
Fed Confirms Market's Hopes, But There's a Catch

You’ve heard of time healing all wounds, but what about low rates healing the mortgage and housing markets? It’s not that either was particularly distressed, but both have benefited in a major way from the recent drop in rates. Perhaps even more important has been rates’ ability to HOLD at or near long-term lows for 2 full weeks now.
Source: Kevin Litwicki Universal Lending
Low Rates Lighting a Fire Under Housing/Mortgage Markets

There are refi booms and then there are refi booms. Numbers were never higher than they were on several weeks in 2009 and they were never “extremely elevated for nearly 2 years” like they were from August 2011 through May 2013. It would take some doing to get back to those levels, but relative to the past few years of refi demand, things are picking up quickly.
Source: Kevin Litwicki Universal Lending
Time For the Next Refi Boom?