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Monthly Archives: January 2014

Mortgage Market in Review – January 27 2014

Market CommentMortgage bond prices finished the week higher which helped mortgage interest rates fall. Rates were relatively calm the first portion of the week with no data. Trading was choppy Wednesdayafternoon as traders positioned ahead of the data releases Thursday. Weekly jobless claims came in @ 326k versus the expected 327k Thursday morning. The data was relatively in line […]

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Mortgage Market in Review – January 20, 2014

Market Comment Mortgage bond prices finished the week higher which helped mortgage interest rates fall.  Rates experienced some very large swings throughout the course of the week.  There were improvements Monday.  Higher than expected retail sales data Tuesday morning tempered the earlier gains.  Higher than expected producer price index data Wednesday pushed rates higher midweek.  […]

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Mortgage Market in Review – January 13, 2014

Market Comment Mortgage bond prices finished the week sharply higher which helped mortgage interest rates fall. Rates improved Monday and stayed positive throughout the beginning of the week. That trend reversed Thursday morning in response to the better than expected weekly jobless claims. Weekly claims came in at 330k versus the expected 335k and rates […]

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Mortgage Market in Review – January 6, 2014

    Market Comment Mortgage bond prices finished the week near unchanged holding rates steady. Rates improved Monday amid no data and thin conditions ahead of the holiday. Consumer confidence printed at 78.1. Expectations were for confidence to increase 6.6 to 77.1. Confidence data is important because 2/3’s of the GDP comes from consumer spending […]

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