The Iran war continues to dominate financial markets and mortgage rates are no exception.
Source: Kevin Litwicki MBSLIVE
Mortgage Market Remains Transfixed by War
March is Regime Change Month For Rates
While the word “regime” is often seen in a geopolitical context, it’s also common in financial markets. With respect to rates, the most recent regime involved steady improvement starting in May 2025 and ending 3 weeks ago. Since then, a new regime has been taking over and it kicked into high gear this week.
Source: Kevin Litwicki MBSLIVE
March is Regime Change Month For Rates
From 3 Year Lows to 7 Month Highs in 2 Weeks
February ended with average 30yr fixed rates at the lowest level in more than 3 years. There’s been a grueling march higher since then.
Source: Kevin Litwicki MBSLIVE
From 3 Year Lows to 7 Month Highs in 2 Weeks
Rates Rocked (Relatively) by Global Events
Last week, it seemed interest rates could do no wrong. This week has been exactly the opposite.
Source: Kevin Litwicki MBSLIVE
Rates Rocked (Relatively) by Global Events