Mortgage rates have fallen quite a bit since hitting a long term peak in late October. By the middle of this week, the average 30yr fixed rate was more than 1.25% lower from the highs and at the best levels in more than 4 months. Rates have fallen due to improvement in the bond market, but bonds aren’t the only thing that impacts mortgage rates.
Source: Kevin Litwicki MBSLIVE
Rates May be Falling, But Other Mortgage Costs Are Going Up
Lowest Rates in 4 Months, So Why Does Fed Say They're Going Higher?
Mortgage rates officially hit their lowest levels in 4 months after this week’s inflation data. Despite the recent progress, Fed officials continue to talk about keeping rates high “for as long as possible.” Who’s telling the truth?
Source: Kevin Litwicki MBSLIVE
Lowest Rates in 4 Months, So Why Does Fed Say They're Going Higher?
Markets Call The Fed's Bluff After Downbeat Data
The Fed has a parrot problem, and it’s on a crash course with economic reality… maybe.
Source: Kevin Litwicki MBSLIVE
Markets Call The Fed's Bluff After Downbeat Data