In addition to being shortened by Monday’s holiday, this week’s economic data didn’t spark any big reactions in the bond market. Even after The Supreme Court ruled against Trump’s IEEPA tariffs, rates managed to end the week right in line with the lowest levels in more than 3 years.
Source: Kevin Litwicki MBSLIVE
Rates at 3-Year Lows Despite Market Volatility After Tariff Ruling
Mortgage Rates Back Near 3-Year Lows After Defying Jobs Data
The bond market drives changes in interest rates. Among bond traders, it’s no secret that the Bureau of Labor Statistics’ (BLS) jobs report is the most consequential monthly economic data. But this time around, the reaction defied expectations.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Back Near 3-Year Lows After Defying Jobs Data
Will Mortgage Rates Fall Thanks to a New Fed Chair?
With the announcement that Trump nominated Kevin Warsh to be the new Fed Chair, there’s a lot of misinformation and speculation making the rounds regarding the potential impact on mortgage rates. Let’s clear it up.
Source: Kevin Litwicki MBSLIVE
Will Mortgage Rates Fall Thanks to a New Fed Chair?