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Monthly Archives: October 2015

Mortgage Market in Review – October 26, 2015

Market Comment Mortgage bond prices finished the week slightly lower which nudged rates a little higher. The data was generally solid which didn’t help rates. The NAHB Housing Index printed at 64 versus the expected 62. Housing prices continued to rise with low inventories reported in many markets. Housing starts printed at 1,206K versus the […]

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Mortgage Market in Review – October 19, 2015

Market Comment Mortgage bond prices finished the week slightly higher which nudged rates a little lower. Retail sales rose a weaker than expected 0.1%. On the inflation front the producer price index fell 0.5% versus the expected 0.2% decline. The core, which excludes volatile food and energy, fell 0.3% versus the expected 0.1% increase which […]

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Mortgage Market in Review – October 12, 2015

Market Comment Mortgage bond prices finished the week sharply lower which pushed rates higher. Stock strength pressured rates higher Monday morning. The U.S. trade deficit jumped 16% to $48.3B in August versus the expected $44.5B. Weekly jobless claims were 263K versus the expected 275K which was not rate friendly. The minutes of the last Fed […]

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Mortgage Market in Review – October 5, 2015

Market Comment Mortgage bond prices finished the week sharply higher which pushed rates lower. Most of the data was rate friendly. Signs that the economy remained wobbly pushed back expectations of a Fed rate increase. PCE inflation was unchanged versus the expected 0.1% increase. ADP Employment increased 200K as expected. The ISM Index was lower […]

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