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Monthly Archives: May 2015

Mortgage Market in Review – May 18, 2015

Market Comment Mortgage bond prices finished the week lower which pushed mortgage interest rates higher. Most of the weakness came early in the week. There was concern that the bull market in the bond market had ended and rates shot higher by almost a full discount point. The 3 and 10 year Treasury auctions were […]

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Mortgage Market in Review – May 11, 2015

Market Comment Mortgage bond prices finished the week near unchanged, which held mortgage interest rates steady. Rates were near neutral Monday but pushed higher Tuesday morning. The trade deficit rose 41% to stand at $51B. The strength of the U.S. dollar makes imports cheaper and exports more expensive. Q1 productivity fell 1.9% as expected and […]

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Mortgage Market in Review – May 5, 2015

Market Comment Mortgage bond prices finished the week lower which pushed mortgage interest rates sharply higher. Rates were neutral Monday morning but pushed higher midweek despite rate friendly data. Consumer Confidence came in at 95.2 versus the expected 102.2 mark. Advance Q1 GDP rose 0.2% versus the expected 1.0% increase. The Fed kept rates unchanged […]

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