If there’s one thing to know about this week’s rate movement is that it left us almost exactly where we were last Friday. How we got there felt a bit more dramatic at times.
Source: Kevin Litwicki MBSLIVE
Not Much Worse Than Last Week, But it Was a Bumpy Ride

While the milestones may be significant, the underlying reasons for them remain simple. Oil is pushing rates higher.
Source: Kevin Litwicki MBSLIVE
Highest Rates in Over a Year (And a Small Recovery on Friday)

It was an eventful week for mortgage rates and the bond market, but ultimately a decent one. Monday’s rates matched the highest levels in nearly a year, but by Friday, we were actually just a hair lower versus last Friday. Here’s how we got there.
Source: Kevin Litwicki MBSLIVE
Rates Caught a Big Break From This Week's Inflation Reports

For 3 months, they were almost inseparable. Then in June, they went their separate ways. Now oil and rates are back together following the end of the U.S./Iran ceasefire.
Source: Kevin Litwicki MBSLIVE
Oil and Rates Giving Their Relationship Another Shot

Last week’s newsletter flagged an uncommonly high level of quarter-end trading volatility as a key contributor to a surprise mid-week rate spike. We got another dose of that drama this week, but things calmed down by the end.
Source: Kevin Litwicki MBSLIVE
Rates Remain Elevated "Just Because," But Still Under Recent Highs