Inflation is bad for interest rates and it’s at the highest levels in decades. But the housing market has a far bigger problem.
Source: Kevin Litwicki MBSLIVE
Highest Inflation in Decades, But Housing Has a Bigger Problem
What Are Rates and Housing Worried About?
In the past 2 weeks, there’s been big news about inflation and seemingly big news about Fed policy. Both are threats to low interest rates, but not just yet, apparently.
Source: Kevin Litwicki MBSLIVE
What Are Rates and Housing Worried About?
Big Inflation Scare, But Rates Remain Resilient
The 70’s and 80’s brought unforgettable economic lessons about the impact of inflation. Since then, certain market participants have been watching inflation like hawks, even when they didn’t need to.
Source: Kevin Litwicki MBSLIVE
Big Inflation Scare, But Rates Remain Resilient
Rates Reacted to Jobs Report, But Not Like You'd Expect
Rates are driven by bonds, and as far as the bond market is concerned, much of the week was spent waiting for Friday’s big jobs report. Rates have a clearly-defined reaction function when it comes to the jobs report. Specifically, more jobs = higher rates and fewer jobs = lower rates.
Source: Kevin Litwicki MBSLIVE
Rates Reacted to Jobs Report, But Not Like You'd Expect
Moment of Truth For Rates and Housing
This week’s 6.4% reading on Q1 GDP reinforced the notion of a strong economic recovery. In turn, the recovery helps to justify the sharp move higher in rates seen during the same 3 months. Rates managed to recover quite a bit in April, but ended up rising slightly this week. Is the intermission over?
Source: Kevin Litwicki MBSLIVE
Moment of Truth For Rates and Housing
15-Year High For New Home Sales, But Prices Are Flat. Here's Why
This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What’s up with that?
Source: Kevin Litwicki MBSLIVE
15-Year High For New Home Sales, But Prices Are Flat. Here's Why
Best 2 Weeks For Rates in Nearly a Year
February and March were collectively 2 of the worst months for mortgage rates in a long time, but April is officially pushing back!
Source: Kevin Litwicki MBSLIVE
Best 2 Weeks For Rates in Nearly a Year
Victory For Rates; Hope For Housing Inventory?
2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But things could be changing.
Source: Kevin Litwicki MBSLIVE
Victory For Rates; Hope For Housing Inventory?
Who's Lying About The Housing Market?
The housing market is heating and cooling at the same time, depending on the data in question. What’s the real story?
Source: Kevin Litwicki MBSLIVE
Who's Lying About The Housing Market?
Rates Catch a Break. Will it Last? What's The Impact on Housing?
There’s a lot of conflicting news out there about exactly what’s going on with mortgage rates. Let’s take a look at what’s really going on and how housing has been impacted.
Source: Kevin Litwicki MBSLIVE
Rates Catch a Break. Will it Last? What's The Impact on Housing?