The market is constantly making bets on where the Fed Funds Rate will end up for any given moment many months into the future. As such, that rate expectation is constantly changing. It will continue to change, and it will change in different ways for different time frames.
Source: Kevin Litwicki MBSLIVE
Fed Rate Expectations Have Fully Erased The Tariff Impact (For Now)

Whether you refer to it as “strong,” or “not as bad as feared,” this week’s economic reports were better than the market was prepared for. The result is moderately higher rates.
Source: Kevin Litwicki MBSLIVE
Rates Move Up After Stronger Economic Data

Significant market volatility has been all over the news since the April 2nd tariff announcement, but this week went a long way toward restoring a sense of calm.
Source: Kevin Litwicki MBSLIVE
Markets Calmed Down Immensely This Week. Lowest Rates since April 7th

Last week, there was a curious, but not uncommon juxtaposition of widespread headlines claiming “lower mortgage rates” and our own headline suggesting one of the biggest weekly jumps in years. Neither were incorrect, but only one was timely.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Are Actually Much Lower This Week

Whether we’re talking about mortgage rates or a quintessential yard stick of the rate world like the 10yr Treasury yield, it was the roughest week in quite a while.
Source: Kevin Litwicki MBSLIVE
Biggest Weekly Jump For Rates In Quite a While. Will it Keep Going or Calm Down?

It was a great week for fans of chaos, volatility, and low interest rates.
Source: Kevin Litwicki MBSLIVE
Lowest Rates Since October as Tariffs Spark Staggering Volatility

When inflation came out higher than expected on Friday morning, market watchers knew (or thought they knew) what would happen next. But instead, the opposite happened.
Source: Kevin Litwicki MBSLIVE
Inflation Told Rates to Rise. Rates Didn't Listen

Interest rates improved fairly steadily throughout the week with the biggest drop seen after Wednesday’s Fed announcement. But the Fed didn’t cut rates.
Source: Kevin Litwicki MBSLIVE
If The Fed Didn't Cut Rates This Week, Why Did Rates Fall?

Rates rocketed lower with stunning consistency starting in late February. They finally bounced last week, but rather than move back up to previous levels, they held in a relatively narrow, sideways range. That set the stage for a showdown this week.
Source: Kevin Litwicki MBSLIVE
Interest Rates Had a Boring Week, And That's a Good Thing

There’s a lot for financial markets to digest at the moment. Over the past few weeks, the net effect of that digestion has been good for bonds/rates and bad for stocks. But the prevailing correlation broke down this week and few people in the U.S. truly understand why.
Source: Kevin Litwicki MBSLIVE
The Secret Reason That Rates Bounced This Week