After jumping quickly higher after the September 17th Fed announcement, rates were remarkably flat for more than 3 weeks. As of Friday, that’s not quite as true as it was 24 hours prior.
Source: Kevin Litwicki MBSLIVE
Lowest Rates Since Fed Day After New Tariff Escalation

It was a much less eventful week than it might have been if the jobs report had been released on schedule, but rates were nonetheless able to inch down to the lowest levels since Fed Day.
Source: Kevin Litwicki MBSLIVE
Small Victory For Rates as Market Waits For Data

It’s that time again, maybe. By this time next week, we will either be several days into another government shutdown or in the throes of volatility following the big jobs report, but it’s probably one or the other.
Source: Kevin Litwicki MBSLIVE
How Next Week's Potential Shutdown Could Impact Rates

mortgage rates surged HIGHER after this week’s Fed rate cut–a seemingly paradoxical move that has exposed widespread confusion about the nature of mortgage rate movement. Let’s clear it up!
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Jump Higher After Fed Rate Cut. Confused? Don't Be…

Markets have settled into a cycle that favors the jobs report as the only critical economic data as far as rates are concerned. This weeks inflation data had a chance to claim/preserve a role as a strong supporting actor, but instead, it basically stood aside and left focus on the labor market and the Fed’s interpretation of recent labor market weakness.
Source: Kevin Litwicki MBSLIVE
The Fed is Cutting Rates Next Week, But Not Mortgage Rates

A sharply weaker jobs report helped already-low mortgage rates drop at the fastest pace in more than a year.
Source: Kevin Litwicki MBSLIVE
Job Count and Mortgage Rates Go Cliff-Diving

This past week was a classic placeholder for mortgage rates. Rates calmly drifted to longer-term lows. Next week will be completely different in terms of potential volatility.
Source: Kevin Litwicki MBSLIVE
Calm Before the Storm: Rates Drift to 11-Month Lows Ahead of Critical Jobs Report

Friday’s speech from Fed Chair Powell marked a small but important shift in the Fed’s outlook. It was enough for markets to increase bets on a September cut, thus pushing mortgage rates sharply lower.
Source: Kevin Litwicki MBSLIVE
Powell's Speech Greased The Skids For Rates to Slide to 2025 Lows

Mortgage rates fell in concert with increased odds for a Fed rate cut. But it’s critical to remember that an actual Fed rate cut WOULD NOT guarantee further improvement in mortgage rates unless the economic data keeps supporting the case for more cuts ahead.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Hit 10-Month Lows — Here’s Why a Fed Cut Might Not Help

Last Friday’s jobs report sparked a big rally in the bond market, and thus a big improvement for mortgage rates. This week was very light in terms of market data and volatility, but it helped solidify the improvement from the jobs report.
Source: Kevin Litwicki MBSLIVE
Calmly Holding the Lowest Rates Since October, But for How Long?