It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on. But one of the most interesting developments was the big bounce in Pending Home Sales on Tuesday.
Source: Kevin Litwicki Universal Lending
Big Bounce in Home Sales And What it Could Mean For Prices

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While interest rates are always a topic of conversation in the housing and mortgage markets, everyone was talking about them last week. That tends to happen when the average 30yr fixed rate threatens to break into the high 3% range after a long absence. But just as quickly as the good times started to roll, rates bounced higher this week. Let’s take a look at the effects.
Source: Kevin Litwicki Universal Lending
After Massive Response Last Week, Are Low Rates Already Gone?

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Market participants sensed that the Fed was suddenly changing its tune with respect to its balance sheet back in January.  The balance sheet primarily refers to all the bonds the Fed purchased as a part of the various Quantitative Easing plans conducted throughout the recovery to the Great Recession.  At the time, those QE plans technically involved “printing money.”
But it wasn’t just money dropped from helicopters.  The money was used to buy investments–in this case T
Source: Kevin Litwicki Universal Lending
The Fed Officially Announces Big Bond-Buying Change

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