This week’s 6.4% reading on Q1 GDP reinforced the notion of a strong economic recovery. In turn, the recovery helps to justify the sharp move higher in rates seen during the same 3 months. Rates managed to recover quite a bit in April, but ended up rising slightly this week. Is the intermission over?
Source: Kevin Litwicki MBSLIVE
Moment of Truth For Rates and Housing
15-Year High For New Home Sales, But Prices Are Flat. Here's Why
This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What’s up with that?
Source: Kevin Litwicki MBSLIVE
15-Year High For New Home Sales, But Prices Are Flat. Here's Why
Best 2 Weeks For Rates in Nearly a Year
February and March were collectively 2 of the worst months for mortgage rates in a long time, but April is officially pushing back!
Source: Kevin Litwicki MBSLIVE
Best 2 Weeks For Rates in Nearly a Year
Victory For Rates; Hope For Housing Inventory?
2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But things could be changing.
Source: Kevin Litwicki MBSLIVE
Victory For Rates; Hope For Housing Inventory?
Who's Lying About The Housing Market?
The housing market is heating and cooling at the same time, depending on the data in question. What’s the real story?
Source: Kevin Litwicki MBSLIVE
Who's Lying About The Housing Market?