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Monthly Archives: September 2014

Mortgage Market in Review – September 22, 2014

Market Comment Mortgage bond prices finished the week near unchanged despite some up and down trading. Prices pushed higher Monday morning which helped rates improve in response to weaker data. Industrial production fell 0.1% versus the expected 0.2% increase. Capacity use came in @ 78.8% versus the expected 79.3% mark. The gains were short-lived despite […]

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Mortgage Market in Review – September 15, 2014

Market Comment Mortgage bond prices finished the week lower, which pushed rate sharply higher.  Prices drifted lower throughout the majority of the week amid no data.  The bond market as a whole saw prices ascend throughout the year.  The fear of a Fed rate adjustment in the near term had traders playing defense.  Nobody wants […]

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Mortgage Market in Review – September 8, 2014

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Stronger than expected ISM Index data Tuesday morning caused rates to spike a little higher. Weaker than expected ADP employment data helped recover those earlier losses. ADP employment came in at 204k versus the expected 220k mark. Weekly jobless claims […]

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Mortgage Market in Review – September 1, 2014

Market Comment Mortgage bond prices finished the week only slightly higher, which pushed rates a bit lower. Weaker than expected new home sales data Monday morning set a positive tone for rates. New home sales printed at 412K. Traders expected sales at 427K. Orders for durable goods, items not meant for immediate consumption, rose 22.5%. […]

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