Mortgage Market Update

Hey Everyone - See below for three quick takes on what's happening in the mortgage market:

Overall Trend: Still moving higher with lots of volatility and wide intra-day swings as the market gropes for the peak in interest rates.

Last week: Rates hit levels not seen since 2006 as markets priced in stubborn inflation numbers and grappled with the fallout from Great Britain's non-sensical financial moves.

Next Week: Fairly lite calendar for economic releases but lots of focus on the 10Yr treasury, with a 2 day close above 4% a negative technical signal in a destabilized environment.