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Monthly Archives: March 2015

Mortgage Market in Review – March 30, 2015

Market Comment Mortgage bond prices finished the week near unchanged holding mortgage rates steady. Rates were stable the first portion of the week despite mixed data. New home sales and core CPI were higher than expected, however traders took the data in stride. New home sales printed at 539K, much better than the expected 465K […]

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Mortgage Market in Review – March 16, 2015

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower. Rates were stable the first portion of the week with no data. Greek economic turmoil dominated newswires as eurozone officials debated what to do next. Weaker than expected data Thursday morning helped rates fall. Retail sales fell 0.6% versus the expected 0.4% […]

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Mortgage Market in Review – March 9, 2015

Market Comment Mortgage bond prices finished the week sharply lower which pushed rates higher. Rates were stable the first portion of the week with generally benign data. Personal Income rose 0.3% versus the expected 0.4% increase. Outlays fell 0.2% versus the expected 0.1% decrease. The PCE core inflation rose 0.1% as expected. The ISM Index […]

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Mortgage Market in Review – March 2, 2015

  Market Comment Mortgage bond prices finished the week unchanged which kept rates in check. Rates were initially negative Tuesday morning in response to Fed Chair Yellen’s comments to Congress. However, rates improved throughout the late morning as her testimony continued. Yellen indicated a rate hike could happen at any meeting but went on to […]

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