Rates may not be as high as they were several months ago or as low as they were 5 weeks ago, but they’re close enough to either boundary that the threat (or promise) of returning is palpable. For at least the past 2 weeks, we’d been waiting for this week’s events to give us some sort of push higher or lower, but it looks like the waiting will continue.
Source: Kevin Litwicki MBSLIVE
This Week's Hotly Anticipated Events Completely Failed to Break The Stalemate
Rates Seen Staying Higher For Longer. Blame Canada?
In a surprising turn of events, this week’s biggest market mover for interest rates was a policy announcement by the Bank of Canada. The event was credited for prompting a re-think of the US Federal Reserve’s rate outlook.
Source: Kevin Litwicki MBSLIVE
Rates Seen Staying Higher For Longer. Blame Canada?
What Debt Ceiling? And Who's Lying About The Jobs Report?
After dominating the news cycle for weeks, the debt ceiling issue is suddenly resolved and the bond market doesn’t seem to care. The jobs report proved to be far more relevant, but with half of it indicating a much stronger labor market and the other half saying the opposite, who’s telling the truth and why did rates only pay attention to the bad (good) news?
Source: Kevin Litwicki MBSLIVE
What Debt Ceiling? And Who's Lying About The Jobs Report?
Do Rates Care About Debt Ceiling?
It was nearly impossible to avoid news regarding the debt ceiling this week, but how much does it actually matter?
Source: Kevin Litwicki MBSLIVE
Do Rates Care About Debt Ceiling?
All About Ceilings
The debt ceiling debate is all over the news, but it’s a different ceiling is commanding more of the bond market’s attention.
Source: Kevin Litwicki MBSLIVE
All About Ceilings
Hi, My Name is Consolidation, And I Can Explain Everything
Scroll down far enough on the list of Webster’s definitions of the word “consolidate,” and you’ll find “to form together into a compact mass.” Financial markets appropriated that definition long ago and have been using it to refer to the condensed mass of prices, yields, or whatever else is being measured on a chart.
Source: Kevin Litwicki MBSLIVE
Hi, My Name is Consolidation, And I Can Explain Everything
Plenty of Movement, Not Much Progress; More Volatility Ahead
The first week of any given month tends to have the highest concentration of economic data with the power to influence the bond market, and thus interest rates. This week was no exception.
Source: Kevin Litwicki MBSLIVE
Plenty of Movement, Not Much Progress; More Volatility Ahead
Housing and Rates Having Tough Time Finding Momentum
Mortgage rates fell nicely to start the week but only after rising rather abruptly in the previous two weeks. All of the above takes place inside a narrow, sideways range in the bigger picture
Source: Kevin Litwicki MBSLIVE
Housing and Rates Having Tough Time Finding Momentum
Is There Really a New, Unfair Mortgage Tax on Those With High Credit?
Seemingly overnight, the internet is awash with news regarding a “new,” unfair tax on mortgage borrowers with higher credit scores. Some have gone so far as to suggest that someone could intentionally lower their credit score in order to get a better deal.
Source: Kevin Litwicki MBSLIVE
Is There Really a New, Unfair Mortgage Tax on Those With High Credit?
Rates Having a Tough Time Turning The Corner
The good news is that last November increasingly looks like the moment when rates stopped surging higher at the fastest pace in 40 years. The bad news is that they still don’t seem sure what to do next.
Source: Kevin Litwicki MBSLIVE
Rates Having a Tough Time Turning The Corner