It’s no secret that the stock market has plummeted this week and only slightly less of a secret that the 10yr Treasury yield has dropped well into new all-time lows (on 4 straight days, in fact). Given that mortgage rates are often discussed in the context of the 10yr yield, why in the world aren’t they falling at the same pace? More frustratingly, why would many mortgage lenders keep rates unchanged on Tuesday and Wednesday even as 10yr yields dropped like a rock?
Source: Kevin Litwicki MBSLIVE
Why Can't Mortgage Rates Keep Up With Record Low Treasury Yields?
2020 Refi Boom Surpasses 2016's And It's Still Growing
Another week ending with the lowest rates in more than 3 years will mean another week with the highest levels of refinance demand in more than 3 years. In fact, refi demand is now as high as it’s been since 2013, even though rates haven’t yet moved below 2016’s lows.
Source: Kevin Litwicki MBSLIVE
2020 Refi Boom Surpasses 2016's And It's Still Growing
Higher Stocks and Lower Rates. Who's Lying?
How can we be talking about rates near all-time lows while stocks are near all-time highs? Doesn’t conventional wisdom dictate that rates and stock prices typically move in the same direction?
Source: Kevin Litwicki MBSLIVE
Higher Stocks and Lower Rates. Who's Lying?
2020 Refi Boom is Official, But For How Long?
As interest rates moved in an ever-narrower pattern in the 2nd half of 2019, we looked to early 2020 to break that cycle, for better or worse. So far, 2020 has delivered on the promise of increased volatility, but not for the reasons anyone expected.
Source: Kevin Litwicki MBSLIVE
2020 Refi Boom is Official, But For How Long?