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?

It’s a holiday weekend and markets will be closed on Monday. Today’s newsletter will be focused on charts (and lighter on prose) so you can go enjoy the holiday weekend.
Source: Kevin Litwicki MBSLIVE
Rates Defy Jobs Report; No New 40yr Loan; Red Hot Home Prices

This week, the Supreme Court ruled the structure of the FHFA was unconstitutional. One day later, Calabria was out and his temporary replacement had been named.

Why does this matter?
Source: Kevin Litwicki MBSLIVE
Mortgage Market's Most Powerful Person Just Got Fired. What Are The Implications?

The Fed released a new scheduled policy announcement this week as well as updated economic projections. Relative chaos ensued. Let’s talk about why and what it means going forward.
Source: Kevin Litwicki MBSLIVE
Making Sense of This Week's Fed Drama

No, this isn’t one of those click-bait headlines that promise to share “one weird trick” or proclaim “you’ll never believe what happened next.” Well, actually, some people might have a hard time believing this one.
Source: Kevin Litwicki MBSLIVE
One of The Biggest Paradoxes You'll Ever See For Mortgage Rates

All eyes were on the big jobs report this week. Traders were anxious to see if it would be strong enough to accelerate the timeline for key policy changes that would greatly impact rates.
Source: Kevin Litwicki MBSLIVE
What This Week's Jobs Report Means For Rates