The Federal Reserve (aka “the Fed”) released its latest policy announcement this week without making any changes to existing policies or rates. The Fed doesn’t directly control mortgage rates, but Fed policies–and even the verbiage of the announcement–can have an impact on ALL rates.
Source: Kevin Litwicki MBSLIVE
What Did The Fed Do To Mortgage Rates?

This week’s mortgage rates are hard to compare to last week’s. There are two simple reasons for this.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates In Best Territory Since February

It was big, bad news when it came out last summer. Almost a year later, the 50 basis point “adverse market fee,” which affected a majority of refinance mortgages has been eliminated!
Source: Kevin Litwicki MBSLIVE
Big News For Refi Rates As Adverse Market Fee is Removed

This week brought pleasant surprises for the mortgage market as rates returned to levels not seen since February.
Source: Kevin Litwicki MBSLIVE
Lowest Rates in More Than 5 Months. What's Next?

It’s a holiday weekend and markets will be closed on Monday. Today’s newsletter will be focused on charts (and lighter on prose) so you can go enjoy the holiday weekend.
Source: Kevin Litwicki MBSLIVE
Rates Defy Jobs Report; No New 40yr Loan; Red Hot Home Prices