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Monthly Archives: June 2014

Mortgage Market in Review – June 30, 2014

Market Comment Mortgage bond prices finished the week positive putting downward pressure on mortgage rates.  Housing data released early in the week was positive.  Both new and existing home sales were better than expected.  Gross Domestic Product (GDP), a summation of economic output, showed the US economy contracted 2.9% in Q1, 2014.  That was the […]

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Mortgage Market in Review – June 23, 2014

Market Comment Mortgage bond prices finished the positive, which helped rates improve a little. We started the week on a positive note but bounced around from there. Industrial production rose 0.6% in May and capacity utilization stood at 79.1. That data was slightly better than the expected 0.5% increase in production and utilization at 78.9. […]

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Mortgage Market in Review – June 16 2014

Market Comment Mortgage bond prices finished the week negative which put upward pressure on rates. We started the week on a bad note and never could recover. There was no data early but the first two Treasury auctions showed weaker than normal foreign demand. That trend reversed with the solid 30Y auction Thursday afternoon but […]

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Mortgage Market in Review – June 9, 2014

Market Comment Mortgage bond prices finished the week positive, which helped rates improve. We started the week on a positive note with a 1/4 point improvement Monday in response to the weaker data. The Institute for Supply Management (ISM), a report on manufacturing, printed at 53.2, lower than the expected 55.6. Unfortunately those gains and more were […]

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Mortgage Market in Review – June 2, 2014

Market Comment Mortgage bond prices finished the week near unchanged which held rates in check. The shortened trading week was full of large market swings. Durable goods orders rose 0.8% versus the expected 1% decline which started us off on the wrong foot. We bounced back Wednesday with some flight to quality buying of mortgage bonds in […]

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