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Monthly Archives: May 2016

Mortgage Market in Review – May 31, 2016

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Rates started slightly better Monday morning amid no data. Comments from Fed officials about rate hikes and the economy tempered those earlier improvements. St Louis Fed President Bullard indicated, “By nearly any metric, US labor markets are at or beyond […]

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Mortgage Market in Review – May 23, 2016

Market Comment Mortgage bond prices finished the week lower which pushed rates higher.  Rates were steady to start the week but rose midweek and continued higher through the end of the week.  Concern emerged about the timing of the next Fed rate hike.  The release of the minutes from the last Fed meeting indicated the […]

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Mortgage Market in Review – May 16, 2016

Market Comment Mortgage bond prices finished the week slightly lower which pushed rates higher. Rates seesawed back and forth throughout the week within a very narrow range. The Treasury auctions gained more attention early in the week amid no data. The auctions were generally solid except for some mixed demand for the 30 year offering. […]

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Mortgage Market in Review – May 9, 2016

Market Comment Mortgage bond prices finished the week slightly higher which pushed rates lower.  Rates seesawed back and forth throughout the week within a relatively narrow range.  The Institute for Supply Management (ISM), an indication of the health of the manufacturing sector, printed at 50.8, weaker than the 51.4 that was expected.  The ADP employment […]

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Mortgage Market in Review – May 2, 2016

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. Most of the economic data was weaker than expected. New home sales were 511K. Analysts looked for sales of 520K. Q1 GDP rose 0.5% versus the expected 0.7% increase. Personal income rose 0.4% versus the expected 0.3% increase. Outlays rose 0.1%, expected […]

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