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Monthly Archives: May 2014

Mortgage Market in Review – May 26, 2014

Market Comment Mortgage bond prices finished the week slightly higher which pushed rates a little lower. Rates started the week on a good note tied to stock weakness. There was an MBS selloff heading into the Fed release Wednesday afternoon as traders remained cautious. The Committee noted they “will likely reduce the pace of asset […]

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Mortgage Market in Review – May 19, 2014

Market Comment Mortgage bond prices finished the week only slightly higher which pushed rates lower. Retail sales rose 0.1% versus the expected 0.3% increase. Weaker than expected sales data put a dent in the narrative that the economy is on solid footing and helped rates improve. The Producer Price Index rose 0.6% versus the expected […]

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Mortgage Market in Review – May 12, 2014

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower.  The situation in Ukraine and concern over the health of the Chinese economy continued to support bond prices as global investors shed stocks in search of safety.  The US economy imported more goods than it exported resulting in a trade deficit of […]

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Mortgage Market in Review – May 5, 2014

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. The data was mixed throughout the week which resulted in continued up and down rate movements. The ADP employment report was stronger than expected and showed an increase of 220k versus the expected 215k increase. Advance Q1 GDP rose 0.1%, weaker than […]

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