Skip to content

Monthly Archives: July 2014

Mortgage Market in Review – July 28, 2014

Market Comment Mortgage bond prices finished the week near unchanged which held rates relatively steady. Weak stocks Monday helped bonds improve a bit. Consumer prices rose 0.3% in June and the core value, which excludes the volatile food and energy costs, rose 0.1%. Traders expected CPI to rise 0.3% and 0.2% respectively. Weekly jobless claims […]

READ MORE »

Mortgage Market in Review – July 21, 2014

Market Comment Mortgage bond prices finished the week negative, which put upward pressure on rates. A strong showing in stocks the beginning of the week put some pressure on bonds. The DOW experienced strong gains Monday morning and continued the trend into Thursday morning before reversing course. Producer prices rose 0.4% in June and the […]

READ MORE »

Mortgage Market in Review – July 14, 2014

Market Comment Mortgage bond prices finished the week positive which put downward pressure on rates. Trading was relatively calm as is often the case in summer. We had very few economic releases. The Treasury auctions were mixed but did not result in any extreme changes. MBS prices reacted favorably to the release of the Fed […]

READ MORE »

Mortgage Market in Review – July 7, 2014

Market Comment Mortgage bond prices finished the week lower, putting upward pressure on mortgage interest rates. Rates were under pressure in the early part of the week as market participants prepared for the jobs reports. The Automatic Data Processing (ADP) report released Wednesday was much better than estimates and traders reacted by pushing rates higher. […]

READ MORE »