Source: Kevin Litwicki Universal Lending
Resilient Housing Data and Record Stock Prices Ahead of Long Weekend

Much was made of the Trump administration’s tax plan, officially released this week. At first glance, it caused rates to spike in the middle of the week, abruptly derailing a decent recovery. But how much credit does it deserve?
Source: Kevin Litwicki Universal Lending
Rates Spike, Home Sales Slide, Blame The Tax Plan?

The Federal Reserve finally pulled the trigger on its much-anticipated balance sheet normalization plan. This was billed as big news–a major turning point in US monetary policy. While that’s arguably true, markets were far more interested in other parts of the Fed announcement.
Source: Kevin Litwicki Universal Lending
The Real Reason Rates Reacted to The Fed This Week

Last week, we discussed why rates keep breaking to new lows in 2017. This week we’ll take a closer look at why they abruptly spiked to the highest levels of the month, and examine the potential market movers on the horizon.
Source: Kevin Litwicki Universal Lending
This Week's Rate Spike and The Risks Ahead

After the presidential election last November, a clear narrative took root in financial markets. A Trump presidency was supposed to result in faster policy tightening at the Fed, more growth, more inflation, and higher rates. With each new move to 2017’s lowest rates, that narrative continues to unravel. This week provided a great example.
Source: Kevin Litwicki Universal Lending
Why Rates Keep Breaking 2017 Lows

In the natural world and financial markets alike, September is a month of transition. This particular September holds some risks for the recently strong performance in mortgage rates. Meanwhile home sales numbers are increasingly sluggish. Should you be concerned?
Source: Kevin Litwicki Universal Lending
Time To Be Concerned About Housing and Rates?

This week brought the release of New and Existing Home sales. Both reports fell short of expectations. Fortunately, bankers also delivered less than expected, thus helping rates stay at 2017’s lows.
Source: Kevin Litwicki Universal Lending
Rates Are At 2017 Lows, But So Are Home Sales

Twitter might not be the first place you look for authoritative financial news, but its impact on markets is increasingly undeniable. That’s actually been the case for a long time, but weeks like this really drive home the point.
Source: Kevin Litwicki Universal Lending
This Week's Biggest Market Mover: Twitter!

This week’s news was primarily focused on escalating nuclear rhetoric between the US and North Korea. This week also saw mortgage rates drop to the lowest levels since November 2016. The connection between those two developments, however, is debatable.
Source: Kevin Litwicki Universal Lending
Nuclear Headlines and New Lows For Rates. Coincidence?

One of the week’s most interesting headlines came courtesy of the 91-year-old ex-Fed Chair Alan Greenspan who warned of a bubble bursting in the bond market. Even if such a thing materializes as a legitimate threat in the future, we’re nowhere close at the moment. This week’s market movement concurs!
Source: Kevin Litwicki Universal Lending
Bond Bubble Bursting? Not This Week