Last Thursday, Mortgage News Daily (MND) published an article titled: “Rates Right in Line With Long-Term Lows, But That Could Change on Friday.” Indeed, rates ended up jumping in a big way–the biggest in more than a year.
Source: Kevin Litwicki MBSLIVE
Conflicting News on Rates, But Everyone Agrees on The Next Main Event
Worst Day For Rates in More Than a Year After Jobs Report, But It's Not as Bad as it Sounds
Interest rates have a long and reliable history of reacting to the jobs report more than any other monthly economic data and the most recent example sent mortgage rates screaming higher at the fastest pace in over a year.
Source: Kevin Litwicki MBSLIVE
Worst Day For Rates in More Than a Year After Jobs Report, But It's Not as Bad as it Sounds
What's At Stake With The Upcoming Fed Meeting?
Over the past 2 months, speculation ramped up quickly regarding the pace and magnitude of Fed rate cuts in 2024. Next week brings the first Fed meeting that’s in the realm of that speculation.
Source: Kevin Litwicki MBSLIVE
What's At Stake With The Upcoming Fed Meeting?
Highest Mortgage Rates in More Than a Month, But There Are Silver Linings
So far, 2024 has been distinctly different from the end of 2023. November and December saw rates move lower at one of the fastest paces in decades. In contrast, January has delivered a fairly consistent uptrend.
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in More Than a Month, But There Are Silver Linings
Inflation Data Keeps Low Rate Hopes Alive
The much-anticipated Consumer Price Index (CPI) was released this week. For those seeking evidence that inflation will soon be back at the Fed’s target level, it wasn’t the triumph it might have been. Even so, rates managed to move lower.
Source: Kevin Litwicki MBSLIVE
Inflation Data Keeps Low Rate Hopes Alive
Let's Talk About The Spread Between Mortgage Rates And The 10yr Treasury
Seemingly overnight, there is widespread media attention on the spread between mortgage rates and the 10yr Treasury yield. There shouldn’t be.
Source: Kevin Litwicki MBSLIVE
Let's Talk About The Spread Between Mortgage Rates And The 10yr Treasury
Calm Week to End Not-So-Calm Year
2022 may have seen more outright volatility in the housing and mortgage markets, but 2023 was the year of extremes.
Source: Kevin Litwicki MBSLIVE
Calm Week to End Not-So-Calm Year
Have Rates Improved Too Quickly And Is The Fed Being Rational?
The astonishing pace of the recent drop in interest rates has raised some questions regarding sustainability and justification, but we can clear them up with a single chart.
Source: Kevin Litwicki MBSLIVE
Have Rates Improved Too Quickly And Is The Fed Being Rational?
The Dots Put an Exclamation Point on Record-Breaking Drop in Rates
We came into this week expecting the Fed’s Dot Plot to set the tone, or at least to create a good amount of movement in rates, and that’s exactly what happened.
Source: Kevin Litwicki MBSLIVE
The Dots Put an Exclamation Point on Record-Breaking Drop in Rates
What's at Stake With Next Week's Fed Announcement and Inflation Data?
It was mostly a great week for mortgage rates with the average lender near the best levels in months through Thursday. Friday’s jobs report pushed rates back up a bit, but not excessively. Next week’s two big ticket events could set the tone for the rest of the year.
Source: Kevin Litwicki MBSLIVE
What's at Stake With Next Week's Fed Announcement and Inflation Data?