If there were a movie about mortgage rates, this week would be the part where they say “it’s quiet… almost TOO quiet.”
Source: Kevin Litwicki MBSLIVE
Eerily Calm Week For Rates
Mortgage Rates Didn't Fall as Much as The Market Suggested
Mortgage lenders consider several factors when deciding where to set mortgage rates. By far and away, the bond market is the most important of those factors. But sometimes rates don’t do exactly what the bond market suggests.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Didn't Fall as Much as The Market Suggested
War Still Weighing on Rates, But Volatility Continues to Ebb
Whereas the entire month of March was “up, up, and away” for interest rates, April has been far calmer by comparison.
Source: Kevin Litwicki MBSLIVE
War Still Weighing on Rates, But Volatility Continues to Ebb
Much Calmer Week (Relatively) With Much Lower Rates
First things first, mortgage rates remain much higher than they were at the end of February. That said, they definitely did not move higher this week.
Source: Kevin Litwicki MBSLIVE
Much Calmer Week (Relatively) With Much Lower Rates