Last week’s newsletter warned that it was time to start thinking about incredibly high volatility potential due to events in the first few days of November. But as far as interest rates are concerned, the volatility is already here.
Source: Kevin Litwicki MBSLIVE
November Volatility Shows Up Early And Next Week Could Be Even Crazier
Time to Start Thinking About Incredibly High Volatility Potential
This newsletter series spent 3 straight weeks trying to remind readers that mortgage rates could go higher after the Fed rate cut, and then several more weeks warning about the high stakes jobs report. We had no way of knowing how the future would play out then, and that continues to be the case, but it’s time to get the next big warning on the table.
Source: Kevin Litwicki MBSLIVE
Time to Start Thinking About Incredibly High Volatility Potential
Lots of Confusion About Recent Rate Movement. Let's Clear it up
It’s been frustrating and potentially confusing to see mortgage rates move consistently higher after the Fed’s September 18th rate cut, but the Fed has nothing to do with the big rate spike of the past few weeks.
Source: Kevin Litwicki MBSLIVE
Lots of Confusion About Recent Rate Movement. Let's Clear it up
Huge Rate Bounce After Stunningly Strong Jobs Report
There was a lot riding on Friday’s big jobs report with a weak result likely to reinvigorate a move to long-term lows and a strong result likely to push rates higher. It ended up being VERY strong, thus pushing rates higher VERY quickly.
Source: Kevin Litwicki MBSLIVE
Huge Rate Bounce After Stunningly Strong Jobs Report