Rates have been almost perfectly consistent in moving lower since February 13th and broadly consistent since January 15th. There’s one big reason for that and it’s simpler than you might think.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Closing in on 4 Month Lows
Lowest Rates in 2 Months. Was it The Fed or Econ Data?
It ended up being another good week for rates with another Friday drop to the lowest levels in 2 months. Momentum shifted for the better after Wednesday’s Fed Minutes but accelerated quickly after Friday’s economic data. Which deserves more credit?
Source: Kevin Litwicki MBSLIVE
Lowest Rates in 2 Months. Was it The Fed or Econ Data?
The Unlikely Story of Mortgage Rates Falling to 2 Month Lows Despite Higher Inflation
The final two days of the present week weren’t on many bingo cards as of Wednesday afternoon. At the time, rates were jumping higher in response to inflation data and no one expected to end the week at the lowest levels in nearly 2 months.
Source: Kevin Litwicki MBSLIVE
The Unlikely Story of Mortgage Rates Falling to 2 Month Lows Despite Higher Inflation
Despite Apparent Volatility, Rates Have Been Surprisingly Calm
It would be more than fair to expect elevated market volatility based on the quantity and tone of recent news headlines. But the market remains more focused on the hard data.
Source: Kevin Litwicki MBSLIVE
Despite Apparent Volatility, Rates Have Been Surprisingly Calm