While some aspects of the housing/mortgage market have stabilized over the past few weeks, we’re still waiting for some important guidance about the path ahead.
Source: Kevin Litwicki MBSLIVE
Mortgage Market Still Waiting For Help

Just as the industry was coming to terms with unprecedented market volatility due to coronavirus, the details of the CARES Act (the coronavirus rescue/stimulus/relief bill) presented their own set of challenges. For some lenders and borrowers, these challenges are an even bigger deal than the recent market movement.
Source: Kevin Litwicki MBSLIVE
Finally a Glimmer of Hope For Mortgage Market Chaos

Things are changing rapidly in the mortgage market. Almost overnight, loan programs have disappeared, interest rates are all over the place, and more than a few lenders are closed for business indefinitely. All this despite the Federal Reserve buying more than $100 billion / week of mortgage debt. Is this another meltdown?
Source: Kevin Litwicki MBSLIVE
Are We In The Midst of Another Mortgage Meltdown?

There’s been no shortage of crazy weeks in the mortgage market lately, and this one was not to be outdone. By the end, the prices of the bonds that normally determine mortgage rates surged well into record highs. That would normally suggest the lowest mortgage rates ever, but the average lender is nowhere close.
Source: Kevin Litwicki MBSLIVE
Who Broke The Mortgage Market And When Will It Be Fixed?

Last week was the wildest in the history of the mortgage market. This week was wilder. It ended with a one-of-a-kind show of force from the Federal Reserve.
Source: Kevin Litwicki MBSLIVE
Mortgages Make The Fed Angry. You'd Like Them When They're Angry

The headline makes a lofty claim, but let’s put doubt to rest with 3 facts right up front.
Source: Kevin Litwicki MBSLIVE
Wildest Week For Mortgage Rates, Ever (Seriously)

Coronavirus has brought chaos to financial markets like few other things have. Much of the fallout is unprecedented. This is especially true for interest rates and the mortgage market. In many ways, things are more chaotic now than they were in 2008. That has positive and negative implications. Here’s what you need to know.
Source: Kevin Litwicki MBSLIVE
Mortgage Market in Chaos. What You Need To Know

It’s no secret that the stock market has plummeted this week and only slightly less of a secret that the 10yr Treasury yield has dropped well into new all-time lows (on 4 straight days, in fact). Given that mortgage rates are often discussed in the context of the 10yr yield, why in the world aren’t they falling at the same pace? More frustratingly, why would many mortgage lenders keep rates unchanged on Tuesday and Wednesday even as 10yr yields dropped like a rock?
Source: Kevin Litwicki MBSLIVE
Why Can't Mortgage Rates Keep Up With Record Low Treasury Yields?

Another week ending with the lowest rates in more than 3 years will mean another week with the highest levels of refinance demand in more than 3 years. In fact, refi demand is now as high as it’s been since 2013, even though rates haven’t yet moved below 2016’s lows.
Source: Kevin Litwicki MBSLIVE
2020 Refi Boom Surpasses 2016's And It's Still Growing

How can we be talking about rates near all-time lows while stocks are near all-time highs? Doesn’t conventional wisdom dictate that rates and stock prices typically move in the same direction?
Source: Kevin Litwicki MBSLIVE
Higher Stocks and Lower Rates. Who's Lying?