As recently as Thursday, there was widespread coverage suggesting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. So who’s lying to you?
Source: Kevin Litwicki MBSLIVE
Who's Lying About The Spike in Mortgage Rates?
Rates at 2-Month Highs; Big Changes For Investor/2nd Home Loans
Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week’s Fed announcement.
Source: Kevin Litwicki MBSLIVE
Rates at 2-Month Highs; Big Changes For Investor/2nd Home Loans
Rate Reckoning Draws Closer
Rates are dictated by the bond market and bonds are flashing a warning sign about volatility on the horizon.
Source: Kevin Litwicki MBSLIVE
Rate Reckoning Draws Closer
Soaring Prices, Slumping Sales, And An Unexpected Reaction to The Jobs Report
It was a busy week for economic data with several reports that were pertinent to the housing market. In addition to being the perennial top dog among economic reports, this Friday’s jobs report was especially important due to its role in the Federal Reserve’s decision-making process.
Source: Kevin Litwicki MBSLIVE
Soaring Prices, Slumping Sales, And An Unexpected Reaction to The Jobs Report