At 9:44am ET on Wednesday, this week’s rate story was mostly about waiting for next week’s economic data. At 9:45, an unlikely report made the wait a lot more uncomfortable.
Source: Kevin Litwicki MBSLIVE
Why Rates Almost hit 7.5% This Week, And Is The Worst Over?

It’s a common refrain in this newsletter: The Fed does not hike/cut mortgage rates and the two can often move in opposite directions in the short-term.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Barely Budged in Response to Fed Rate Hike

Mortgage rates moved sharply higher this week, ultimately reaching their highest levels since early 2025. Most of the damage took place on Wednesday and Thursday, but Friday ultimately made things slightly worse. The average top-tier 30yr fixed rate rose almost a quarter of a percent in total.
Source: Kevin Litwicki MBSLIVE
Oil and Inflation Push Mortgage Rates to Highest Levels Since Early 2025

Mortgage rates hit their highest level since June 2025 this week. While that milestone sounds ominous, it was the product of gradual movement and logical motivations.
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in 15 Months, But Some Push Back on Fed Hike Expectations