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Monthly Archives: March 2014

Mortgage Market in Review – March 31, 2014

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower.  The market was positive throughout most of the week, which was a nice rebound from the prior week’s rate spikes associated with the Fed meeting.  The data was mixed but that kept rates in check.  New home sales printed at 440K versus […]

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Mortgage Market in Review – March 24, 2014

Market Comment Mortgage bond prices finished the week lower which pushed rates sharply higher. The data Monday morning started us off on a bad note and that continued throughout most of the week. Industrial production rose 0.6% versus the expected 0.1% increase. Capacity use came in @ 78.8% versus the expected 78.5%. Stocks showed strong […]

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Mortgage Market in Review – March 17, 2014

Market Comment Mortgage bond prices finished the week higher which pushed rates sharply lower.  Prices were flat the first of the week in response to stock weakness amid no data.  Prices were pressured a bit Thursday morning following better than expected jobless claims and retail sales data.  Weekly jobless claims came in at 315k versus […]

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Mortgage Market in Review – March 10, 2014

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Prices were positive the first of the week in response to the tame PCE core inflation release and significant stock weakness. Unfortunately that reversed Tuesday with the stock rebound. Weekly jobless claims came in at 323k versus the expected 336k Thursday morning […]

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Mortgage Market in Review – March 3, 2014

    Market Comment Mortgage bond prices finished the week higher, which pushed rates lower.  Prices were positive throughout almost the entire week.  Weaker than expected consumer confidence data Tuesday morning set the tone and resulted in lower rates.  New home sales were higher than expected but mortgage interest rates did not react much to […]

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