Between Monday’s holiday market closure and the general absence of highly relevant economic reports, it was a fairly quiet week for interest rates and the housing market, but not without some potentially hopeful developments.
Source: Kevin Litwicki MBSLIVE
Short, Quiet Week, But With Some Hopeful Hints For Housing and Rates
Rates Bounce Higher as Inflation Data Throws a Wrench in The Outlook
Source: Kevin Litwicki MBSLIVE
Rates Bounce Higher as Inflation Data Throws a Wrench in The Outlook
Conflicting News on Rates, But Everyone Agrees on The Next Main Event
Last Thursday, Mortgage News Daily (MND) published an article titled: “Rates Right in Line With Long-Term Lows, But That Could Change on Friday.” Indeed, rates ended up jumping in a big way–the biggest in more than a year.
Source: Kevin Litwicki MBSLIVE
Conflicting News on Rates, But Everyone Agrees on The Next Main Event
Worst Day For Rates in More Than a Year After Jobs Report, But It's Not as Bad as it Sounds
Interest rates have a long and reliable history of reacting to the jobs report more than any other monthly economic data and the most recent example sent mortgage rates screaming higher at the fastest pace in over a year.
Source: Kevin Litwicki MBSLIVE
Worst Day For Rates in More Than a Year After Jobs Report, But It's Not as Bad as it Sounds