Skip to content

Monthly Archives: November 2015

Mortgage Market in Review – November 23, 2015

Market Comment Mortgage bond prices finished the week higher, which pushed rates lower.  The data was generally as expected.  Consumer prices rose 0.2% and the core rate, which excludes volatile food and energy costs, also rose 0.2%.  Housing starts were weaker than expected at 1,060.  Market participants looked for starts of 1,160K.  Weekly jobless claims […]

READ MORE »

Mortgage Market in Review – November 16, 2015

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Trading was negative the beginning of the week tied to comments from Fed officials. San Francisco Federal Reserve Bank President John Williams said the last meeting to keep rates unchanged was a “close call.” He went on to note, “the […]

READ MORE »

Mortgage Market in Review – November 9, 2015

Market Comment Mortgage bond prices finished the week sharply lower which jolted rates higher.  Trading was slightly negative the beginning of the week amid mixed data.  Weekly jobless claims were 276K versus the expected 262K.  Third quarter productivity increased 1.6% versus the expected 0.1% increase.  The biggest shock to rates came Friday morning with stronger […]

READ MORE »

Mortgage Market in Review – November 2, 2015

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Trading was narrow and uneventful up until the Fed meeting Wednesday afternoon (see article below). New home sales were 468K versus the expected 550K. Durable goods orders fell 1.2% as expected. Consumer confidence was a weaker than expected 97.6. Analysts looked for […]

READ MORE »