After embarking on a volatile journey in early October, the past 2 weeks have been calmer for mortgage rates, but this is best viewed as the calm before the storm.
Source: Kevin Litwicki MBSLIVE
Rates and Housing Back in The Waiting Game

Mortgage rates bounced hard off the long term lows back in September and had jumped almost a full percent by last week. In addition to the elevated levels, there’s been plenty of volatility as well. Despite ongoing volatility, rates managed to avoid breaking last week’s ceiling–even if only just. Does that mean it’s time for hope?
Source: Kevin Litwicki MBSLIVE
Are Rates Done Freaking Out Yet?

Over the past month, the dominant narrative was that rates were moving higher in concert with the odds of a Trump victory. Election night proved that narrative and also proved that rates were already largely in position for the outcome.
Source: Kevin Litwicki MBSLIVE
How The Election and The Fed Impacted Rates

This newsletter strictly avoids politics except in cases where the political realm legitimately intersects with relevant events for housing and rates. Now is clearly one of those times. The discussion that follows contains no opinion or partisan leaning.
Source: Kevin Litwicki MBSLIVE
Rates Refuse to Drop Ahead of Election. How About After?