This week’s newsletter will be intentionally short in hopes of it being easier to share, read, and digest.
Source: Kevin Litwicki MBSLIVE
Why The Fed Rate Cut Didn't Help Mortgage Rates This Week

It’s a foregone conclusion that the Fed will be cutting rates on Wednesday, September 18th. As exciting as they might sound, mortgage rates have already reaped the rewards.
Source: Kevin Litwicki MBSLIVE
Why Fed Day Matters Even Though Mortgage Rates Are Already Lower

With more and more buzz surrounding the Fed’s upcoming rate cut, it’s only natural for consumers to enthusiastically wait for the lower mortgage rates that are sure to follow. There’s just one problem.
Source: Kevin Litwicki MBSLIVE
Why You Might Regret Waiting For Better Rates After The Fed Cuts

It’s still just over 3 weeks away, but questions are already ramping up regarding the impact of the Fed’s rate cut on mortgage rates. Here is exactly what the rate cut itself will do: NOTHING!
Source: Kevin Litwicki MBSLIVE
Here's Exactly What a Fed Rate Cut Will Do For Mortgage Rates

In not so many words, Powell made it clear that the default game plan is to cut rates at the September meeting just under 4 weeks from now. In fact, as far as financial markets are concerned, the only uncertainty is whether the rate cut will be the minimum 0.25% or double that amount.
Source: Kevin Litwicki MBSLIVE
Powell Puts a Lid on The Rate Debate, But Where's The Bottom?

There’s been widespread speculation as to the effect that falling rates will have on refinance demand in a world where 2/3rds of mortgages have rates under 4%. This week’s data suggests it’s worth discussing.
Source: Kevin Litwicki MBSLIVE
Refi Demand Exploded (Relatively), But Rates Are Settling (For Now)

This week alone, mortgage rates experienced their largest single day drop of the year and their 3rd largest single day increase in near 2 years.
Source: Kevin Litwicki MBSLIVE
Rates End Week Higher After Massive Volatility

A big shift is underway, both for the economy and financial markets. It has undergone several false starts, but as of this week, investors are ready to believe again.
Source: Kevin Litwicki MBSLIVE
Rates Plummet as The Market Buys Into The Big Shift

This week’s most important economic data was the PCE price index which is the gold standard of big picture inflation measurement. For those hoping to see rates drop, it was important for PCE to confirm the progress seen in the CPI data (the other major inflation index that came out 2 weeks ago).
Source: Kevin Litwicki MBSLIVE
Inflation Data Continues Paving The Way For (Eventual) Rate Cuts

While much of this week’s news cycle was focused on politics, it was business as usual for the bond market and interest rates.
Source: Kevin Litwicki MBSLIVE
Very Calm Week For Rates, Despite Hitting New 6 Month Low