Last week, we said all bets were off until we saw Friday’s jobs report—and that no other piece of economic data moves mortgage rates more reliably. This week proved why that warning is always worth repeating.
Source: Kevin Litwicki MBSLIVE
The Jobs Report Was a Mess—Mortgage Rates Loved It

Source: Kevin Litwicki MBSLIVE
From Snooze to Surge: Big Data Week Could Rock Mortgage Rates

It was a hotly anticipated week, mainly due to the scheduled release of important inflation data on Tuesday, but the rate market almost got more than it bargained for thanks to unexpected headlines the following day.
Source: Kevin Litwicki MBSLIVE
Mixed Inflation Data Overshadowed by Headline Drama

Mortgage rates partied hard for most of June and into the middle of last week–right up until stronger economic data killed the vibe. The resulting bounce in rates carried momentum through to the beginning of this week, but from there on out, things were broadly sideways.
Source: Kevin Litwicki MBSLIVE
After Holiday Hangover, Rates Are Ready to Get Serious About Inflation Data

After a few good weeks for interest rates, things hit a bit of a speed bump this week thanks to a stronger-than-expected jobs report.
Source: Kevin Litwicki MBSLIVE
Rates Take a Breather After Surprisingly Strong Jobs Report

After going to great lengths to explain why the Fed Funds Rate isn’t the same as mortgage rates, we’ll now have to discuss how the Fed nonetheless found a way to push rates lower this week.
Source: Kevin Litwicki MBSLIVE
Rates Closing in on 8 Month Lows

This week ended up being underwhelming in terms of interest rate movement despite the much-anticipated Fed announcement on Wednesday.
Source: Kevin Litwicki MBSLIVE
Fed Holds Steady; Mortgage Rates Fall

The juxtaposition of last week’s jobs report and this week’s Consumer Price Index (CPI) created a fair amount of volatility, but for fans of low mortgage rates, it’s too soon to care.
Source: Kevin Litwicki MBSLIVE
Good News on Inflation, But Don't Expect a Fed Rate Cut

For nearly 2 months, rates have been in limbo, stuck between the lower, more stable levels seen in March and the higher range seen at the beginning of the year. With many market participants waiting for more clarity on trade policies, it has been up to major economic data to make a case for any major moves in rates.
Source: Kevin Litwicki MBSLIVE
Jobs Report Chases Rates Back Into The Range

In addition to being shorter than normal due to the Memorial Day holiday, there wasn’t much meat on this week’s event calendar–at least not as far as the rate market was concerned. Earnings releases caused some volatility in the stock market, but rates drifted sideways to slightly lower after a larger drop on Tuesday.
Source: Kevin Litwicki MBSLIVE
Calmer, Friendlier Week For Rates Amid Mixed Signals For Housing