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Monthly Archives: June 2016

Mortgage Market in Review – June 27, 2016

Market Comment Mortgage bond prices finished the week higher which pushed rates lower. Rate movements were primarily tied to Brexit sentiment. Rates were higher the beginning of the week as uncertainty loomed. Britain voted to exit the European Union which ignited world economic volatility Friday. Fortunately the flight to safety buying of U.S. debt instruments […]

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Mortgage Market in Review – June 20, 2016

Market Comment Mortgage bond prices finished the week higher which pushed rates lower.  Rate movements were limited most of the week but the Fed meeting Wednesday afternoon and data Thursday resulted in a drop.  Retail sales increased 0.5% and were relatively in line with estimates.  Industrial production fell greater than expected.  Producer prices rose 0.4% […]

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Mortgage Market in Review – June 13, 2016

Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Rate movements were limited for a change. Boston Fed President Rosengren said the recent employment report was “disappointing” but noted that it wasn’t a sign of a deteriorating economy. Productivity in Q1 fell 0.6% and labor costs rose 4.5%. That […]

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Mortgage Market in Review – June 6, 2016

Market Comment Mortgage bond prices finished the week higher which pushed rates lower.  Rates started slightly worse Tuesday tied to comments from a Fed official regarding future Fed rate hikes.  St Louis Fed President Bullard said, “My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too […]

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