As 2024 has progressed, economic data–especially inflation data–have made it increasingly clear that rates will not be coming down nearly as soon as the Fed (and the market) expected.
Source: Kevin Litwicki MBSLIVE
Expect Tougher Talk From The Fed After This Week's Inflation Data
The Case of The Disappearing Rate Cuts
The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that’s come out since then has everyone singing a different tune.
Source: Kevin Litwicki MBSLIVE
The Case of The Disappearing Rate Cuts
Rates Rocked by Inflation Data
If there was only one thing to know about the mortgage market this week, it would be that Wednesday’s inflation data prompted one of biggest single day increases in mortgage rates in decades. If there was a 2nd thing to know, it’s that the first thing is arguably all that matters.
Source: Kevin Litwicki MBSLIVE
Rates Rocked by Inflation Data
Reasonably Resilient Rates Waiting to See Wednesday's Inflation Data
Data dependent… That’s a phrase that is all too prevalent in financial markets and among members of the Federal Reserve. It refers to the fact that economic data will guide the future path of interest rate decisions.
Source: Kevin Litwicki MBSLIVE
Reasonably Resilient Rates Waiting to See Wednesday's Inflation Data