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Monthly Archives: December 2014

Mortgage Market in Review – December 29, 2014

Market Comment Mortgage bond prices finished the week lower, which pushed rates slightly higher. Rates were steady the first portion of the week. Existing home sales were 4.93M versus the expected 5.20M. Stronger than expected gross domestic product data Tuesday morning pressured rates higher. The US economy expanded at a 5% rate in Q3-2014, much […]

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Mortgage Market in Review – December 22, 2014

Market Comment Mortgage bond prices finished the week lower, which pushed rates slightly higher. Rates were under pressure from stronger than expected industrial production data Monday. This was tempered a bit Tuesday by continued downward pressure on oil prices and weaker than expected housing starts data. The headline consumer inflation reading was lower than expected […]

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Mortgage Market in Review – December 15, 2014

Market Comment Mortgage bond prices finished the week higher which pushed rates slightly lower. Rates were positive throughout most of the week tied to continued downward pressure on oil prices, stock weakness, and global economic worries. Manufacturing data out of China signaled a pullback and China’s central bank pumped almost $80b into the banking system […]

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Mortgage Market in Review – December 8, 2014

Market Comment Mortgage bond prices finished the week lower which pushed rates a little higher. Rates were positive the beginning of the week tied to continued falling oil prices. Prices fell 40% from June, which represented a “wealth transfer” to the US consumer in the amount of $630M. Rates shot higher Tuesday as traders reacted to strong […]

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