After nearly a month of anticipation, the market finally had its showdown with the Fed. It turns out rates and stocks were already in a good position.
Source: Kevin Litwicki MBSLIVE
Is The Fed Going to Kill The Economy?
Making Sense of Rising Rates And The Risks Ahead
It’s a tumultuous time on several levels. Rates have risen abruptly. Why? And what’s next?
Source: Kevin Litwicki MBSLIVE
Making Sense of Rising Rates And The Risks Ahead
Fed May Be Hiking in March, But Higher Rates Are Here Today
In the past 2 weeks, press coverage of the Federal Reserve’s policy outlook has ramped up significantly. The Fed is now expected to start hiking rates in March and to hike more than previously expected in 2022. If you think that gives you time to get a mortgage before rates go up, think again.
Source: Kevin Litwicki MBSLIVE
Fed May Be Hiking in March, But Higher Rates Are Here Today
Highest Mortgage Rates in Nearly 2 Years
Seemingly overnight, the mortgage rate narrative has changed rather drastically, at least in relative terms. While rates had risen gradually from near-all-time lows in August, they were still in a historically low range by the end of December. 1 week later and we’re at the highest levels in 2 years.
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in Nearly 2 Years
Introducing The "Not So Fast" Line
Sure, we could write a headline that attempts to distill the concept of a big picture struggle between the forces exerting upward pressure on rates and those stepping in to push back in the other direction. Or we could just introduce the “not so fast” line, and let a chart do the talking.
Source: Kevin Litwicki MBSLIVE
Introducing The "Not So Fast" Line
Volatility Has Been High, But Next Week Could Be Worse
Financial market volatility increased noticeably after the emergence of the omicron variant. Last week, that proved to be good for rates and bad for stocks. This week was a different story.
Source: Kevin Litwicki MBSLIVE
Volatility Has Been High, But Next Week Could Be Worse
Should We Be Worried?
Several developments are converging on the global economy and financial markets at the moment. Each brings its own causes for concern. Together, they bring a significant increase in volatility.
Source: Kevin Litwicki MBSLIVE
Should We Be Worried?
New Covid Variant Rocks Markets; New Loan Limits Next Week
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news.
Source: Kevin Litwicki MBSLIVE
New Covid Variant Rocks Markets; New Loan Limits Next Week
Winter is Coming, But That's Good For Rates
Winter is coming, both literally and figuratively. While the fallout remains to be seen, financial markets are already reacting.
Source: Kevin Litwicki MBSLIVE
Winter is Coming, But That's Good For Rates
Mortgage Rates Are Actually Much Higher This Week
Several of the most popular sources for mortgage rate data are way off the mark this week.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Are Actually Much Higher This Week