Not all rates are created equal and not all rates move in the same direction for the same reasons.
Source: Kevin Litwicki MBSLIVE
Once More With Feeling: Mortgage Rates Moved Higher After The Fed Rate Cut
The Fed is Cutting Rates Next Week, But Not Mortgage Rates!
The end of October brings the next Fed announcement and it is a 100% certainty that they will be cutting rates again. Many people believe this means lower mortgage rates. Many people are wrong.
Source: Kevin Litwicki MBSLIVE
The Fed is Cutting Rates Next Week, But Not Mortgage Rates!
Mortgage Rates Aren't Too Far From 3 Year Lows
If we stopped paying attention at noon on Thursday, it was an uneventful week due to an absence of important economic data, a holiday closure, and a lack of volatility in the underlying bond market. After that, things got interesting.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Aren't Too Far From 3 Year Lows
Lowest Rates Since Fed Day After New Tariff Escalation
After jumping quickly higher after the September 17th Fed announcement, rates were remarkably flat for more than 3 weeks. As of Friday, that’s not quite as true as it was 24 hours prior.
Source: Kevin Litwicki MBSLIVE
Lowest Rates Since Fed Day After New Tariff Escalation
Small Victory For Rates as Market Waits For Data
It was a much less eventful week than it might have been if the jobs report had been released on schedule, but rates were nonetheless able to inch down to the lowest levels since Fed Day.
Source: Kevin Litwicki MBSLIVE
Small Victory For Rates as Market Waits For Data