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Monthly Archives: August 2014

Mortgage Market in Review – August 25, 2014

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Stock strength the first portion of the week and stronger than expected data overall put some upward pressure on rates. The National Association of Home Builders index was a solid 55.0. The consumer price index rose 0.1% as expected. The core, which […]

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Mortgage Market in Review – August 18, 2014

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower. Weaker than expected data Wednesday morning helped rates improve. Retail sales were unchanged in July. Sales were expected to rise 0.2%. Retail sales data is important because 67% of Gross Domestic Product (GDP) comes from consumer spending. The report covers the prior […]

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Mortgage Market in Review – August 11, 2014

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. There was some flight to quality buying of mortgage bonds the beginning of the week tied to euro zone economic concerns. Portugal’s largest bank needed a multi-billion euro bailout. Stronger than expected factory orders data erased some of those early gains Tuesday […]

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