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Monthly Archives: February 2016

Mortgage Market in Review – February 22, 2016

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Stock strength dominated at the expense of mortgage bonds early in the week. We saw a slight unwinding of the flight to quality which pushed rates lower in the prior weeks. The data was mixed as usual. Headline inflation data […]

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Mortgage Market in Review – February 15, 2016

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. Global economic weakness dominated trading. Concerns in Europe resulted in additional flight to quality buying of U.S. debt instruments such as mortgage-backed securities. Sweden’s central bank dropped their key rate to negative 0.50 percent from negative 0.35 percent. The data was mixed […]

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Mortgage Market in Review – February 8, 2016

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. The data was mixed which did little to ease economic uncertainties. Personal income rose 0.3% versus the expected 0.2% increase which was not good for lower rates. However, spending was unchanged versus the expected 0.2% increase. This pattern continued as […]

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Mortgage Market in Review – February 1, 2016

Market Comment Mortgage bond prices finished the week sharply higher which pushed rates lower.  Continued stock weakness early in the week helped rates improve.  Consumer sentiment printed at 98.1 versus the expected 96.8.  Cheap gas prices and rising home equity were good for consumers in January.  New home sales printed at 544K versus the expected […]

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