Skip to content

Monthly Archives: August 2015

Mortgage Market in Review – August 24, 2015

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. Stock weakness dominated headlines. The DOW fell over 700 points for the week and 358 points Thursday alone. Economic data was mixed. Consumer prices rose 0.1% versus the expected 0.2% increase. The core, which excludes volatile food and energy, rose 0.1% versus […]

READ MORE »

Mortgage Market in Review – August 17, 2015

Market Comment Mortgage bond prices finished the week near unchanged holding mortgage rates steady. Rates rose Monday amid stock strength as the DOW was up over 200 points. Rates fell Tuesday when stocks reversed course. The biggest shock to financial markets came early in the week with the devaluing of the Chinese Yuan. The Bank […]

READ MORE »

Mortgage Market in Review – August 10, 2015

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Rates were positive the beginning of the week amid mixed data. Personal Income rose 0.4% versus the expected 0.3% increase which was not rate friendly. Spending rose 0.2% and the PCE Core rose 0.1% both as expected. The ISM Index was 52.7 […]

READ MORE »