Financial markets remain transfixed by seemingly insignificant updates relating to US/China trade negotiations. This For those who follow markets closely, this can be exasperating at times, but it’s happening for a good reason.
Source: Kevin Litwicki MBSLIVE
Good Times Rolling For Housing; How Long Will It Last?
Many Credible Sources Are Dead Wrong About Rates
The past 2 weeks have been fairly exciting in terms of interest rate volatility. This is the perfect environment for seemingly authoritative sources to get it dead wrong when it comes to telling you how rates are moving.
Source: Kevin Litwicki MBSLIVE
Many Credible Sources Are Dead Wrong About Rates
Rates at 3-Month Highs and They Could Go Higher
Last week, we discussed a fairly quick move toward LOWER rates. One short week later and we’re forced to discuss an even more abrupt move back toward HIGHER rates. By Friday, the average mortgage lender was quoting the highest rates in more than 3 months, and things could get worse before they get better.
Source: Kevin Litwicki MBSLIVE
Rates at 3-Month Highs and They Could Go Higher
What's Behind This Week's Big Drop In Rates?
I’ve gone out of my way on several occasions to explain why mortgage rates are not directly affected by Fed rate cuts. Now this week, the Fed cut rates and mortgage rates dropped abruptly the very next day. Is it time to revisit this logic?
Source: Kevin Litwicki MBSLIVE
What's Behind This Week's Big Drop In Rates?