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Monthly Archives: August 2016

Mortgage Market in Review – August 29, 2016

    Market Comment Mortgage bond prices finished the week near unchanged holding rates steady.  New home sales printed at 654K versus the expected 580K.  Existing home sales printed at 5.39M versus the expected 5.54M units.  According to the FHFA Housing Price Index, housing prices rose at a 5.6% annual rate in the previous 12 […]

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Mortgage Market in Review – August 22, 2016

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Rates started the week higher and ended the week higher with only a slight reprieve Thursday. The NAHB Housing Index was higher than expected. Housing starts were 1211K versus the expected 1180K. Consumer prices were relatively in check. The core rose 0.1% […]

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Mortgage Market in Review – August 15, 2016

Market Comment Mortgage bond prices finished the week higher which helped rates improve slightly.  Rates started higher Monday morning in carryover from the selling pressure from the recent strong payrolls data.  That trend reversed and rates generally fell throughout the rest of the week.  Productivity in Q2 fell 0.5% and unit labor costs rose 2%. […]

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Mortgage Market in Review – August 8, 2016

Market Comment Mortgage bond prices finished the week near unchanged which kept rates flat. Rates rose, fell, and then rose again in seesaw trading throughout the week. Personal income rose 0.2% as expected. Spending rose 0.4% versus the expected 0.3% increase. PCE inflation rose 0.1% as expected. Dallas Fed President Kaplan said the Fed was […]

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Mortgage Market in Review – July 25, 2016

Market Comment Mortgage bond prices finished the week slightly lower which put upward pressure on rates. Rates were flat the beginning of the week amid mixed data. The NAHB Housing Index was 59 versus the expected 60. Housing starts were 1189K. Analysts looked for a reading of 1170K. Rates worsened Thursday morning in response to […]

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