Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week’s Fed announcement.
Source: Kevin Litwicki MBSLIVE
Rates at 2-Month Highs; Big Changes For Investor/2nd Home Loans

Rates are dictated by the bond market and bonds are flashing a warning sign about volatility on the horizon.
Source: Kevin Litwicki MBSLIVE
Rate Reckoning Draws Closer

It was a busy week for economic data with several reports that were pertinent to the housing market. In addition to being the perennial top dog among economic reports, this Friday’s jobs report was especially important due to its role in the Federal Reserve’s decision-making process.
Source: Kevin Litwicki MBSLIVE
Soaring Prices, Slumping Sales, And An Unexpected Reaction to The Jobs Report

Rates are on hold until the next chapter is written in the complex saga of covid versus the market.
Source: Kevin Litwicki MBSLIVE
Rates, Housing, Stuck In The Middle For Now

Mortgage rates bounced at 6 month lows early last week and moved higher at a faster-than-normal pace through the middle of this week. They’ve been slow to recover, but Friday went a long way toward solidifying the short-term ceiling.
Source: Kevin Litwicki MBSLIVE
Rates Recover After Bumpy Week; Realtors See Prices Moderating

As recently as Thursday, August 6th, the average mortgage rate headline proclaimed the lowest rates in 6 months. That wasn’t true on Thursday, and it’s even less true today.
Source: Kevin Litwicki MBSLIVE
Rates at 3-Week Highs, More Volatility Ahead

The Federal Reserve (aka “the Fed”) released its latest policy announcement this week without making any changes to existing policies or rates. The Fed doesn’t directly control mortgage rates, but Fed policies–and even the verbiage of the announcement–can have an impact on ALL rates.
Source: Kevin Litwicki MBSLIVE
What Did The Fed Do To Mortgage Rates?

This week’s mortgage rates are hard to compare to last week’s. There are two simple reasons for this.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates In Best Territory Since February

It was big, bad news when it came out last summer. Almost a year later, the 50 basis point “adverse market fee,” which affected a majority of refinance mortgages has been eliminated!
Source: Kevin Litwicki MBSLIVE
Big News For Refi Rates As Adverse Market Fee is Removed

This week brought pleasant surprises for the mortgage market as rates returned to levels not seen since February.
Source: Kevin Litwicki MBSLIVE
Lowest Rates in More Than 5 Months. What's Next?