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Monthly Archives: July 2015

Mortgage Market in Review – July 27, 2015

Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were negative the beginning of the week tied to the 7 billion euro Greek bridge loan. Rates recovered the remainder of the week tied to stock weakness. The FHFA Housing Price Index rose 0.4% versus the expected 0.3% increase. […]

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Mortgage Market in Review – July 20, 2015

Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were negative the first portion of the week tied to a Greek debt deal. Rates were under pressure from news that Greece capitulated to creditor demands. Trading was mostly positive the rest of the week amid mixed data. Retail […]

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Mortgage Market in Review – July 13, 2015

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were positive the first portion of the week tied to Greek debt concerns. Investors feared uncertainty in the eurozone which resulted in flight to quality buying of MBSs. The Greek Finance Minister resigned after Greek voters rejected a proposal […]

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Mortgage Market in Review – July 6, 2015

Market Comment Mortgage bond prices finished the week higher which pushed mortgage rates lower. Trading was volatile amid mixed data. Consumer confidence and ADP payrolls data were better than expected which pressured rates. Consumer confidence printed at 101.4 versus the expected 97.5. ADP payrolls rose 237K versus the expected 220K. Bond prices rose Thursday morning […]

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