Skip to content

Monthly Archives: October 2014

Mortgage Market in Review – October 27, 2014

Market Comment Mortgage bond prices finished the week near unchanged, which kept rates relatively in check. Rates improved the beginning of the week tied to continued economic woes in the euro zone. Unfortunately, some of the improvements were erased Tuesday in response to stronger than expected housing data. Rates were calm mid-week after tame consumer […]

READ MORE »

Mortgage Market in Review – October 20, 2014

Market Comment Mortgage bond prices finished the week slightly higher which kept rates unchanged to a little lower. The financial markets were extremely volatile. MBS prices saw strong gains the beginning of the week and strong losses at the end. Rate improvements started Tuesday in response to weak economic data out of Germany. That positive […]

READ MORE »

Mortgage Market in Review – October 13, 2014

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower. Flight to quality buying of U.S. debt resulted in the improvements. News out of China and Europe signaled economic challenges remain. The minutes from the last Fed meeting published Wednesday afternoon had a strong influence on global financial markets, which caused volatility […]

READ MORE »

Mortgage Market in Review – October 6, 2014

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. Tame inflation readings associated with the PCE Core released Monday kept prices positive. Weaker than expected consumer confidence and Chicago PMI data kept things calm. ISM Index was very rate friendly @ 56.6 versus the expected 58.5. Weaker Construction spending added rate […]

READ MORE »

Mortgage Market in Review – September 29, 2014

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower. Prices improved Monday morning in response to weaker than expected existing home sales. Existing home sales printed at 5.05M. Traders expected sales at 5.2M units. Higher than expected new home sales data Wednesday tempered some of the earlier gains. New home sales […]

READ MORE »