Freddie Mac

Better-than-expected economic data helped lead to the steep acceleration of the 30-year average, while the 15-year also shot up.

On a combined basis, the GSEs performed better under this year's scenario than they did in 2021, but the Federal Housing Finance Agency said changes were still needed.

Following their largest drop in over a decade one week ago, averages rapidly swung upward as recession talk receded.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

Recent remarks from Federal Reserve Chair Powell suggest more upward movement is ahead.

The latest Federal Reserve move to combat inflation led to a weekly increase of more than 50 basis points.

A positive employment report, robust consumer spending and Fed comments on inflation counter measures drove rates upward.

With anticipated Federal Reserve moves already factored in, inflation and jobs data could play a bigger role in driving movement over the near term.

In addition to the Russia-Ukraine conflict, persistent inflationary pressures and expected monetary policy moves are contributing to volatility.

The effect of the conflict and upcoming Fed announcements have left much of the industry guessing about what happens next.