When it comes to the mortgage and housing markets, there’s been no shortage of gloomy news for months, but how about some silver linings?
Source: Kevin Litwicki MBSLIVE
Looking For Silver Linings
Rates Are Jumping Faster Than Most People Know
Welcome to February 2023, where we’ve seen the first really serious leap higher in rates since October.
Source: Kevin Litwicki MBSLIVE
Rates Are Jumping Faster Than Most People Know
Rates Played Chicken With The Fed (And Lost)
Mortgage rates hit 5 month lows last week but quickly jumped to the highest levels in more than a month this week. While last week’s strong jobs report certainly served as a catalyst, there’s more to the story.
Source: Kevin Litwicki MBSLIVE
Rates Played Chicken With The Fed (And Lost)
Wild Ride For Rates After Stunning Jobs Report
Today’s actual NFP number came in at a staggering 517k, thus edging out March 2022 to stand as the biggest deviation since August 2021. Rates didn’t like it.
Source: Kevin Litwicki MBSLIVE
Wild Ride For Rates After Stunning Jobs Report