While it was never likely to contain too many surprises, this week’s much-anticipated Jackson Hole speech from Fed Chair Powell served as an important reminder as to why rates have risen so sharply in August.
Source: Kevin Litwicki MBSLIVE
Fed Reminds Markets Why Rates Went Sharply Higher in August
Mortgage Rates Rose Sharply This Week
The average mortgage rate headline among major news networks suggests things improved this week. The average headline is wrong.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Rose Sharply This Week
The Curious Case of Lower Inflation Being Bad For Rates
Markets and mortgage rates are currently trying to reconcile the big narratives that have accounted for most of the movement in 2022. In one corner we have inflation and the forces trying to fight it. In the other, we have the the economic fallout from that fight.
Source: Kevin Litwicki MBSLIVE
The Curious Case of Lower Inflation Being Bad For Rates
4.99% Mortgage Rates?! That's Old News
On a week where many sports fans thought fondly of the late Vin Scully’s famous “high fly ball into right field” call during the 1988 World Series, two of the heaviest hitting economic reports were also swinging for the fences. They connected, and rates moved higher as a result.
Source: Kevin Litwicki MBSLIVE
4.99% Mortgage Rates?! That's Old News