At the close of business after Wednesday’s Fed announcement, there was hope. While hope technically remains, it doesn’t look anything like it did on Wednesday.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Closing in on 7%. Any Relief in Sight?

By this time next week, we will have heard from the Fed as they announce the next rate hike on September 21st. It will be a very big hike to be sure, but that’s not the most important thing we’ll learn.
Source: Kevin Litwicki MBSLIVE
6.0% Mortgage Rates and a Big Fed Hike are Old News; Here's What Matters

It’s certainly already been an interesting year for financial markets–especially for housing and interest rates. But most of what’s happened over the past 8 months could be thought of as the more predictable phase of the post-pandemic market cycle. It’s what happens next that’ll be more interesting.
Source: Kevin Litwicki MBSLIVE
Things Are About to Get Interesting

Mortgage rates moved up across the board this week, with mortgage rates nearly hitting 14-year highs before recovering after Friday’s jobs report.
Source: Kevin Litwicki MBSLIVE
Unprecedented Rate Volatility as Markets Ponder Next Big Move

While it was never likely to contain too many surprises, this week’s much-anticipated Jackson Hole speech from Fed Chair Powell served as an important reminder as to why rates have risen so sharply in August.
Source: Kevin Litwicki MBSLIVE
Fed Reminds Markets Why Rates Went Sharply Higher in August

The average mortgage rate headline among major news networks suggests things improved this week. The average headline is wrong.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Rose Sharply This Week

Markets and mortgage rates are currently trying to reconcile the big narratives that have accounted for most of the movement in 2022. In one corner we have inflation and the forces trying to fight it. In the other, we have the the economic fallout from that fight.
Source: Kevin Litwicki MBSLIVE
The Curious Case of Lower Inflation Being Bad For Rates

On a week where many sports fans thought fondly of the late Vin Scully’s famous “high fly ball into right field” call during the 1988 World Series, two of the heaviest hitting economic reports were also swinging for the fences. They connected, and rates moved higher as a result.
Source: Kevin Litwicki MBSLIVE
4.99% Mortgage Rates?! That's Old News

Mortgage rates have been all over the map recently, both in terms of their movement and in their variation between lenders. The disconnects are so big as to require a deeper explanation.
Source: Kevin Litwicki MBSLIVE
The Real Reason Mortgage Rates Are Dropping at a Record Pace

Foreign monetary policy combined with weak economic data to push rates sharply lower by the end of the week.
Source: Kevin Litwicki MBSLIVE
Lowest Rates Since Early June. What's Europe Got to do With It?