It’s still just over 3 weeks away, but questions are already ramping up regarding the impact of the Fed’s rate cut on mortgage rates. Here is exactly what the rate cut itself will do: NOTHING!
Source: Kevin Litwicki MBSLIVE
Here's Exactly What a Fed Rate Cut Will Do For Mortgage Rates

In not so many words, Powell made it clear that the default game plan is to cut rates at the September meeting just under 4 weeks from now. In fact, as far as financial markets are concerned, the only uncertainty is whether the rate cut will be the minimum 0.25% or double that amount.
Source: Kevin Litwicki MBSLIVE
Powell Puts a Lid on The Rate Debate, But Where's The Bottom?

There’s been widespread speculation as to the effect that falling rates will have on refinance demand in a world where 2/3rds of mortgages have rates under 4%. This week’s data suggests it’s worth discussing.
Source: Kevin Litwicki MBSLIVE
Refi Demand Exploded (Relatively), But Rates Are Settling (For Now)

This week alone, mortgage rates experienced their largest single day drop of the year and their 3rd largest single day increase in near 2 years.
Source: Kevin Litwicki MBSLIVE
Rates End Week Higher After Massive Volatility

A big shift is underway, both for the economy and financial markets. It has undergone several false starts, but as of this week, investors are ready to believe again.
Source: Kevin Litwicki MBSLIVE
Rates Plummet as The Market Buys Into The Big Shift