Last week’s big to-do was the jobs report, which sent rates sharply higher. This week’s inflation data had a chance to add fuel to that fire or put it out.
Source: Kevin Litwicki MBSLIVE
Rates Recover After Tame Inflation Data

Mortgage rates weren’t having a great week in the first place. As of Wednesday, the average lender was already up to the highest levels since June 2024. But up until that point, there hadn’t been too much volatility.
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in 7 Months After Upbeat Jobs Report

Even as most of the world has spent the past two days thinking or saying “I can’t believe it’s 2025 already,” mortgage rates won’t get back from vacation until next week.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates' Holiday Break Ends With Next Week's Economic Data

“So long 2024. Don’t let the door hit ya!” Or… “another year closer to turning a longer-term corner in the housing market.” For better or worse, 2024 was a lot more like 2023 than most housing/mortgage pros were expecting.
Source: Kevin Litwicki MBSLIVE
Let's Try Something New For 2025

Last week’s newsletter closed with: “If anything on Fed day ends up having an impact on mortgage rates, it would have to be changes in the Fed’s rate outlook and/or comments from Fed Chair Powell during the press conference that follows the rate announcement.” There were certainly some changes!
Source: Kevin Litwicki MBSLIVE
Once Again, Mortgage Rates Shoot Higher After a Fed Rate Cut

Back in September, we spent several weeks warning about the possibility that mortgage rates could rise even as people were waiting for the Fed to cut. This time around, the set-up is a bit different, but caveats remain.
Source: Kevin Litwicki MBSLIVE
Fed Will Cut Next Week, But They're Not Cutting Mortgage Rates

As of last week, rates were showing some signs of resilience, but they had to wait for the true test from this week’s jobs report. Spoiler alert: they passed the test.
Source: Kevin Litwicki MBSLIVE
Waiting Game is Over and Rates Are Moving

After embarking on a volatile journey in early October, the past 2 weeks have been calmer for mortgage rates, but this is best viewed as the calm before the storm.
Source: Kevin Litwicki MBSLIVE
Rates and Housing Back in The Waiting Game

Mortgage rates bounced hard off the long term lows back in September and had jumped almost a full percent by last week. In addition to the elevated levels, there’s been plenty of volatility as well. Despite ongoing volatility, rates managed to avoid breaking last week’s ceiling–even if only just. Does that mean it’s time for hope?
Source: Kevin Litwicki MBSLIVE
Are Rates Done Freaking Out Yet?

Over the past month, the dominant narrative was that rates were moving higher in concert with the odds of a Trump victory. Election night proved that narrative and also proved that rates were already largely in position for the outcome.
Source: Kevin Litwicki MBSLIVE
How The Election and The Fed Impacted Rates