Financial market volatility is starting to increase in a noticeable way as we approach the middle of the year without a Fed rate hike in sight. This week’s Fed Announcement helped rates regain much of the ground lost last week. Meanwhile, housing data is mixed–generally in good shape long term, but with some shorter-term signs of slowing.
Source: Kevin Litwicki Universal Lending
Fed Helps Rates Recover; Housing Data Mixed

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2012 was a scary time for global financial markets, and that fear resulted in a golden age for mortgage rates. Fast forward to present day and it’s not as blatantly obvious in the US, but the global economy is still very much in the weeds. As of this week, European rates are back at their all-time lows for the second time since the European credit crisis.
Source: Kevin Litwicki Universal Lending
The Real Reason Mortgage Rates Are Near 3-Year Lows

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Interest rates continue taking most of their cues from the fluctuations in oil and stock prices. This is a break from historical norms where rates have typically paid much more attention to economic data (the reports on various economic metrics that are released on a set schedule throughout the month).
Source: Kevin Litwicki Universal Lending
Volatility Means What You See Is Not Necessarily What You Get

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