“So long 2024. Don’t let the door hit ya!” Or… “another year closer to turning a longer-term corner in the housing market.” For better or worse, 2024 was a lot more like 2023 than most housing/mortgage pros were expecting.
Source: Kevin Litwicki MBSLIVE
Let's Try Something New For 2025
Once Again, Mortgage Rates Shoot Higher After a Fed Rate Cut
Last week’s newsletter closed with: “If anything on Fed day ends up having an impact on mortgage rates, it would have to be changes in the Fed’s rate outlook and/or comments from Fed Chair Powell during the press conference that follows the rate announcement.” There were certainly some changes!
Source: Kevin Litwicki MBSLIVE
Once Again, Mortgage Rates Shoot Higher After a Fed Rate Cut
Fed Will Cut Next Week, But They're Not Cutting Mortgage Rates
Back in September, we spent several weeks warning about the possibility that mortgage rates could rise even as people were waiting for the Fed to cut. This time around, the set-up is a bit different, but caveats remain.
Source: Kevin Litwicki MBSLIVE
Fed Will Cut Next Week, But They're Not Cutting Mortgage Rates
Waiting Game is Over and Rates Are Moving
As of last week, rates were showing some signs of resilience, but they had to wait for the true test from this week’s jobs report. Spoiler alert: they passed the test.
Source: Kevin Litwicki MBSLIVE
Waiting Game is Over and Rates Are Moving