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Monthly Archives: February 2014

Mortgage Market in Review – Feb. 24, 2014

    Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Prices were positive Tuesday in response to the weaker housing data. Housing starts came in at 880k versus the expected 930k mark. The producer price index rose 0.2% as expected. However, the core, which excludes volatile food and energy rose […]

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Mortgage Market in Review – February 17, 2014

Market Comment Mortgage bond prices finished the week lower, which pushed rates higher for the week.  Prices were stable Monday with no data released.  We were negative Tuesday morning heading into Fed Chairman Yellen’s testimony to Congress and that trend continued throughout the entire day.  Weaker than expected retail sales and slightly higher weekly jobless […]

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Mortgage Market in Review – February 3, 2014

Market Comment Mortgage bond prices finished the week higher which helped mortgage interest rates fall. Rates were worse the first portion of the week in response to mixed data. Durable goods orders fell 4.3% versus the expected 2% increase. This was very rate friendly and initially helped rates improve but those gains were quickly erased […]

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