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Monthly Archives: June 2015

Mortgage Market in Review – June 29, 2015

Market Comment Mortgage bond prices finished the week sharply lower which pushed rates higher. Trading was volatile amid mixed data. Rates shot higher Monday morning on reports of a Greek debt deal. That failed to materialize however developments dominated headlines throughout the week. Fed Voter Powell spoke Tuesday and said there is a 50/50 chance […]

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Mortgage Market in Review – June 22, 2015

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower. Trading was volatile amid mixed data. Consumer prices rose 0.4% in May and the core rose 0.1%. Analysts expected CPI to rise 0.5% and the core to rise 0.2%. This was rate friendly. Philadelphia Fed was 15.2 versus the expected 8 reading. […]

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Mortgage Market in Review – June 15, 2015

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Trading was volatile despite no data until near the end of the week. News out of the eurozone focused on Greece. Greece released a new reform plan in an effort to extend the bailout. Creditors wanted to see more concessions. […]

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Mortgage Market in Review – June 1, 2015

Market Comment Mortgage bond prices finished the week higher which pushed mortgage interest rates lower. Durable goods orders fell 0.5% as expected which did not move the market much Tuesday. This was offset by stronger than expected data later that morning. New home sales were 517K versus the expected 510K. Consumer confidence was 95.4 versus […]

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