The bond market moved far less over the entire week than it did during a single day last week. Not only was volatility much lighter, but the trading patterns changed as well.
Source: Kevin Litwicki MBSLIVE
Calmer Markets; Are Home Prices Already Done Falling?
Failing Banks, Falling Rates, Falling Prices. Should You Worry?
While there were no further bank failures this week, there was plenty of concern and speculation about who might be next. Those concerns teamed up with Wednesday’s Fed announcement to push interest rates lower (yes, even though the Fed hiked rates). Meanwhile, two separate reports showed a decline in home prices.
Source: Kevin Litwicki MBSLIVE
Failing Banks, Falling Rates, Falling Prices. Should You Worry?
The Fed Will Still Raise Rates in March, And That’s Why Rates May Keep Falling
There’s certainly a chicken/egg problem when it comes to interest rate news. Is it the Fed’s decisions that move rates? Or do market forces move rates, thus forcing the Fed to react?
Source: Kevin Litwicki MBSLIVE
The Fed Will Still Raise Rates in March, And That’s Why Rates May Keep Falling
How One Unexpected Event Completely Stole The Show This Week
Back on February 3rd, the last jobs report sent rates screaming higher. It was the biggest market mover of the month and traders have been waiting for the March 3rd installment ever since. When it finally arrived, an unexpected guest stole the show.
Source: Kevin Litwicki MBSLIVE
How One Unexpected Event Completely Stole The Show This Week
Things Aren't Necessarily Destined to Get Worse For Housing and Rates
Home sales are very low. Mortgage rates have spiked back to 7%. New mortgage fees have eroded affordability for some. But the news isn’t all bad.
Source: Kevin Litwicki MBSLIVE
Things Aren't Necessarily Destined to Get Worse For Housing and Rates