With markets only open 3.5 days and without any top tier economic reports to influence rates, this week could have arguably been viewed as a 9 day weekend for traders. Next week, not so much…
Source: Kevin Litwicki MBSLIVE
Tame Week For Rates and Housing Data, But Change is Coming

This week’s main event was Wednesday’s Fed announcement. A rate cut was wholly out of the question, but markets wanted to know how recent inflation surprises changed the Fed’s outlook. Turns out, not much!
Source: Kevin Litwicki MBSLIVE
Fed Surprisingly Calm on Inflation Risk; Home Sales Improve

Back in late 2023, we got in the car with the Federal Reserve with the promise of a trip to our favorite place: the land of lower interest rates. In 2024, we keep asking “are we there yet?” The more we ask, the farther we seem to be from the destination.
Source: Kevin Litwicki MBSLIVE
On The Road To Rate Cuts, Markets Asking "Are We There Yet?" (Spoiler Alert: No)

It was a hotly anticipated week for interest rates due to the arrival of the first batch of big ticket economic data since the Inflation report that came out on February 13th. This week’s data was much more friendly, but next week’s data is even more important.
Source: Kevin Litwicki MBSLIVE
Lowest Rates in Over a Month. Upcoming Inflation Data Casts a Critical Vote

This week was more active and interesting than the previous example with a few important economic reports helping rates avoid breaking their recent ceiling. Other economic data continues to remind us that rate relief can’t come too soon.
Source: Kevin Litwicki MBSLIVE
Rates Defend The Ceiling. High Stakes Week(s) Ahead