Mortgage rates have fallen significantly in November. For the housing market, it couldn’t come at a more critical time, but the road ahead remains uncertain–mostly due to timing.
Source: Kevin Litwicki MBSLIVE
Housing Market Thankful For Lower Rates But The True Test is in Early December
Cooler Inflation Prompts Big Shift in Rate Outlook
The market was incredibly anxious to see the release of the Consumer Price Index (CPI) this week. Many times, that sort of anxiety proves overdone and reality ends up being less volatile. This was not one of those times.
Source: Kevin Litwicki MBSLIVE
Cooler Inflation Prompts Big Shift in Rate Outlook
Everything's Relative, And Rates Had a Relatively Good Week
While it’s possible to accuse mortgage rates of experiencing volatility over the past few days, this week was exceptionally calm compared to last week.
Source: Kevin Litwicki MBSLIVE
Everything's Relative, And Rates Had a Relatively Good Week
Tremendous Week For Interest Rates And Possibly Even For The Rate Outlook
The average top tier 30yr fixed mortgage rate was at 23 year highs as recently as October 19th. It wasn’t much lower by the start of present week. What a difference a few days make, especially the last 3 which resulted in a massive 0.50% drop!
Source: Kevin Litwicki MBSLIVE
Tremendous Week For Interest Rates And Possibly Even For The Rate Outlook