By Friday of last week, it was clear that the coronavirus outbreak was having a significant impact on markets with stocks and bond yields (aka interest rates) both moving lower. Those same themes intensified this week, ultimately paving the way for the lowest mortgage rates since 2016.
Source: Kevin Litwicki MBSLIVE
Lowest Mortgage Rates Since 2016

Although there were a few caveats, last week saw one of the biggest jumps in new home construction in more than decade. Now this week’s data shows existing home sales at their highest since 2018, and close to highest levels in more than a decade. Is housing starting to boom again?
Source: Kevin Litwicki MBSLIVE
How Coronavirus is Helping Housing

The last housing boom didn’t end so well for many Americans. That “B” word is being thrown around again at the start of 2020, but things are very different this time around.
Source: Kevin Litwicki MBSLIVE
Is The Housing Market Booming Again?

Things are looking up for the housing market at the start of the new year. Granted, some of the following data pertains to the last few months of 2019, but it nonetheless speaks to a friendly shift that is arguably already well underway.
Source: Kevin Litwicki MBSLIVE
Housing Starting Strong in 2020

Everything’s relative when it comes to mortgage rates. For every homeowner that’s been concerned about a short-term increase in rates, there’s another who’s glad to remind them how high rates used to be.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Start 2020 on Strong Note