There was plenty of buzz ahead of Fed Chair Powell’s Jackson Hole speech, but it was a bit of a let down for bonds. Next week, however, is one of the more critical weeks of this monetary policy cycle as it will go a long way in determining whether we’ve hit a ceiling or will continue hiking.
Source: Kevin Litwicki MBSLIVE
Markets Were Anxious Over Powell, But Next Week Deserves More Attention

At this point “high rates” are old news. We were already close to hitting the highest levels in more than 20 years last week, so it wasn’t a huge surprise to achieve that dubious distinction this Thursday. Some sources see the record-breaking rate at just over 7% for a 30yr fixed while others are over 7.5%. Both are accurate and we’ll explain why.
Source: Kevin Litwicki MBSLIVE
How Multi-Decade Highs Are Changing The Way Mortgage Rates Are Quoted

This was supposed to be the week where a key inflation report would cast a vote on the fate of interest rate momentum. The vote was ostensibly friendly but rates surged higher anyway. What gives?
Source: Kevin Litwicki MBSLIVE
Rates Are Officially Breaking The Rules, But Why?

Source: Kevin Litwicki MBSLIVE
Mortgage Rates Near 23 Year Highs. Is There Any Hope?