When will mortgage rates drop? Will inflation go down in 2024? Is a recession coming? Read this market predictions for 2024 article to learn our analysis for the future of 2024 and predictions for the 2025 housing market.
What Gets You Through Down Cycles in the Mortgage Market? In this new MCT series, we are asking secondary market professionals topical questions you’re also probably pondering as well.
Unless you live under a rock, or in an increasingly blissful state of ignorance, you have likely noticed that government-bond yields have fallen the most since 2008
We wanted to broach three newsworthy stories from 2023 that have not been addressed in the weekly commentary: changes to the Loan Level Price Adjustment (LLPA) matrix, Wells Fargo’s exit from the correspondent lending space, and the U.S. breaching its debt ceiling.
After six consecutive rate increases of 50 BPS or more, as expected, the Fed raised rates by 25 BPS today (Wednesday), lifting fed funds to a new target range of 4.5-4.75%. More importantly, the committee continued to promise “ongoing increases” in overnight borrowing costs as part of its ongoing and unresolved battle against inflation. By keeping the promise of future rate hikes, the Fed pushed back against investor expectations that it was ready to signal the end of the current tightening cycle.
