Skip to content

Monthly Archives: September 2015

Mortgage Market in Review – September 28, 2015

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Rates were worse the beginning of the week in response to 100 plus point gains in stocks Monday morning. Some of the losses were reversed Tuesday as stocks struggled. The data was mixed. Existing home sales were weaker than expected. The FHFA […]

READ MORE »

Mortgage Market in Review – September 21, 2015

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. Rates were worse the beginning of the week ahead of the Fed results Thursday. Retail sales rose 0.2% versus the expected 0.3% increase. Industrial production fell 0.4% versus the expected 0.2% decrease. Capacity use was 77.6 versus the expected 77.8. These figures […]

READ MORE »

Mortgage Market in Review – September 14, 2015

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Stock volatility dominated headlines. Higher stocks put selling pressure on mortgage bonds Tuesday when trading resumed after the extended holiday weekend. The data was generally neutral. Weekly jobless claims were 275K as expected. Producer price data caused some concern. PPI was unchanged […]

READ MORE »

Mortgage Market in Review – September 7, 2015

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Stock volatility dominated headlines. The DOW fell 115 points Monday, 490 points Tuesday and rose 293 points Wednesday. The data was mixed. ADP employment rose 190K versus the expected 202K increase. This was rate friendly. Revised Q2 Productivity rose 3.3% from up […]

READ MORE »

Mortgage Market in Review – August 31, 2015

Market Comment Mortgage bond prices finished the week lower, which pushed rates higher. Stock volatility dominated headlines. The DOW fell over 600 points Monday morning, which initially helped rates improve. Stocks recovered later in the week and mortgage rates worsened. The data was generally not rate friendly. New home sales were 507K versus the expected […]

READ MORE »