The resilience of the economy is a matter of debate with different cases to be made depending on the data. But when it comes to the Fed’s favorite reports, the data hasn’t given them any reason to go easy on rates.
Source: Kevin Litwicki MBSLIVE
Rates Back to 20 Year Highs as Economy Remains Resilient
Even Crazier Than Last Week: Rates Briefly Topped 7% For 1st Time in 20 Years
There was no rest for weary rate watchers after last week’s rout. This week turned out to be even more volatile.
Source: Kevin Litwicki MBSLIVE
Even Crazier Than Last Week: Rates Briefly Topped 7% For 1st Time in 20 Years
Mortgage Rates Closing in on 7%. Any Relief in Sight?
At the close of business after Wednesday’s Fed announcement, there was hope. While hope technically remains, it doesn’t look anything like it did on Wednesday.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Closing in on 7%. Any Relief in Sight?
6.0% Mortgage Rates and a Big Fed Hike are Old News; Here's What Matters
By this time next week, we will have heard from the Fed as they announce the next rate hike on September 21st. It will be a very big hike to be sure, but that’s not the most important thing we’ll learn.
Source: Kevin Litwicki MBSLIVE
6.0% Mortgage Rates and a Big Fed Hike are Old News; Here's What Matters
Things Are About to Get Interesting
It’s certainly already been an interesting year for financial markets–especially for housing and interest rates. But most of what’s happened over the past 8 months could be thought of as the more predictable phase of the post-pandemic market cycle. It’s what happens next that’ll be more interesting.
Source: Kevin Litwicki MBSLIVE
Things Are About to Get Interesting
Unprecedented Rate Volatility as Markets Ponder Next Big Move
Mortgage rates moved up across the board this week, with mortgage rates nearly hitting 14-year highs before recovering after Friday’s jobs report.
Source: Kevin Litwicki MBSLIVE
Unprecedented Rate Volatility as Markets Ponder Next Big Move
Fed Reminds Markets Why Rates Went Sharply Higher in August
While it was never likely to contain too many surprises, this week’s much-anticipated Jackson Hole speech from Fed Chair Powell served as an important reminder as to why rates have risen so sharply in August.
Source: Kevin Litwicki MBSLIVE
Fed Reminds Markets Why Rates Went Sharply Higher in August
Mortgage Rates Rose Sharply This Week
The average mortgage rate headline among major news networks suggests things improved this week. The average headline is wrong.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Rose Sharply This Week
The Curious Case of Lower Inflation Being Bad For Rates
Markets and mortgage rates are currently trying to reconcile the big narratives that have accounted for most of the movement in 2022. In one corner we have inflation and the forces trying to fight it. In the other, we have the the economic fallout from that fight.
Source: Kevin Litwicki MBSLIVE
The Curious Case of Lower Inflation Being Bad For Rates
4.99% Mortgage Rates?! That's Old News
On a week where many sports fans thought fondly of the late Vin Scully’s famous “high fly ball into right field” call during the 1988 World Series, two of the heaviest hitting economic reports were also swinging for the fences. They connected, and rates moved higher as a result.
Source: Kevin Litwicki MBSLIVE
4.99% Mortgage Rates?! That's Old News