Over the past 2 months, speculation ramped up quickly regarding the pace and magnitude of Fed rate cuts in 2024. Next week brings the first Fed meeting that’s in the realm of that speculation.
Source: Kevin Litwicki MBSLIVE
What's At Stake With The Upcoming Fed Meeting?
Highest Mortgage Rates in More Than a Month, But There Are Silver Linings
So far, 2024 has been distinctly different from the end of 2023. November and December saw rates move lower at one of the fastest paces in decades. In contrast, January has delivered a fairly consistent uptrend.
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in More Than a Month, But There Are Silver Linings
Inflation Data Keeps Low Rate Hopes Alive
The much-anticipated Consumer Price Index (CPI) was released this week. For those seeking evidence that inflation will soon be back at the Fed’s target level, it wasn’t the triumph it might have been. Even so, rates managed to move lower.
Source: Kevin Litwicki MBSLIVE
Inflation Data Keeps Low Rate Hopes Alive
Let's Talk About The Spread Between Mortgage Rates And The 10yr Treasury
Seemingly overnight, there is widespread media attention on the spread between mortgage rates and the 10yr Treasury yield. There shouldn’t be.
Source: Kevin Litwicki MBSLIVE
Let's Talk About The Spread Between Mortgage Rates And The 10yr Treasury