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Monthly Archives: March 2016

Mortgage Market in Review – March 28, 2016

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Rates were higher early in the week despite mixed housing data.  Existing home sales printed at 5.08M versus the expected 5.37M.  The FHFA Housing Price Index rose 6% on an annual basis.  That data showed an upward trajectory in housing […]

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Mortgage Market in Review – March 21, 2016

Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were sharply higher early in the week ahead of the Fed meeting as analysts predicted an 80% chance of a rate hike in June. That sentiment reversed Wednesday afternoon in response to the Fed meeting. The tone was dovish […]

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Mortgage Market in Review – March 14, 2016

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Stock volatility and rate cuts across the globe dominated headlines.  Weekly jobless claims printed at 259K and continuing claims printed at 2,255K.  Economists expected claims at 275K and continuing claims at 2,251K.  The European Central Bank shocked the world with […]

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Mortgage Market in Review – March 7, 2016

Market Comment Mortgage bond prices finished the week slightly lower which put upward pressure on rates. Mixed data caused uncertainty. Rates were positive into Tuesday morning and then began a steady selloff into the heavyweight employment report Friday. ISM Index came in at 49.5 versus the expected 49 which was relatively neutral. ADP employment was […]

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Mortgage Market in Review – February 29, 2016

Market Comment Mortgage bond prices finished the week slightly lower with put a little upward pressure on rates.  Mixed talk from Fed officials caused uncertainty.  The data early in the week was friendly toward lower rates.  Consumer confidence printed at 92.2 versus the expected 97.3.  New home sales printed at 494K vs. the expected 523K.  […]

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