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Monthly Archives: December 2015

Mortgage Market in Review – December 28, 2015

Market Comment Mortgage bond prices finished the week slightly lower which pushed rates a bit higher. Trading started on a sharply positive note amid no data early in the week. Oil prices continued to hit lows not seen since 2004. Unfortunately rates worsened Tuesday morning in response to stronger than expected gross domestic product data. […]

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Mortgage Market in Review – December 21, 2015

Market Comment Mortgage bond prices finished the week slightly lower which pushed rates a bit higher. Trading started on a sharply negative note as traders positioned themselves ahead of the expected Fed rate hike. We recovered some of the losses later in the week amid mixed economic data. Consumer prices were unchanged in November and […]

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Mortgage Market in Review – December 14, 2015

Market Comment Mortgage bond prices finished the week slightly higher which pushed rates a bit lower. Trading started on a positive note early in the week amid weak stocks. There was no data until the end of the week but we had several Treasury auctions that were near average. Weekly jobless claims were 282K. Analysts […]

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Mortgage Market in Review – December 7, 2015

Market Comment Mortgage bond prices finished the week slightly lower which pushed rates a bit higher. Trading started on a positive note early in the week amid some weak data. The ISM index was 48.6 versus the expected 50.5 reading. Productivity in the third quarter rose 2.2% as expected. Rates were higher mid week in […]

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Mortgage Market in Review – November 30, 2015

Market Comment Mortgage bond prices finished the week slightly lower which pushed rates a bit higher. Most of the weakness came Monday morning as traders positioned themselves ahead of the holiday break. The data was mixed. Existing home sales were weaker than expected with a reading of 5.36M versus the expected 5.45M. Third quarter gross […]

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