While weeks in 2022 have been terrible for mortgage rates, we’ve always been able to say “at least it wasn’t as bad as that one week in 2013.” We can’t really say that anymore.
Source: Kevin Litwicki MBSLIVE
Why Are Mortgage Rates Skyrocketing Toward 5%
Highest Mortgage Rates in 3 Years After Fed Hikes, But Is There a Connection?
Mortgage rates are based on movement in the bond market, and as of the middle of this week, bonds had lost a good amount of ground every day for 8 straight days. With that, the average 30yr fixed rate officially hit its highest level in 3 years. That happened on the same day that the Federal Reserve hiked rates for the first time since 2018, but is there a connection?
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in 3 Years After Fed Hikes, But Is There a Connection?
Highest Rates In Nearly 3 Years Ahead of Next Week's Fed Hike
The Fed will hike it’s key policy rate for the first time since 2018 next week, but mortgage rates aren’t waiting to move higher.
Source: Kevin Litwicki MBSLIVE
Highest Rates In Nearly 3 Years Ahead of Next Week's Fed Hike
Staggeringly Big Rate Swings as Markets Remain Focused on Ukraine
Financial markets were already dealing with rapidly evolving Fed policy shifts, a big jump in rates, and a big drop in stocks. But after Russia invaded Ukraine, volatility has been on another level.
Source: Kevin Litwicki MBSLIVE
Staggeringly Big Rate Swings as Markets Remain Focused on Ukraine