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Monthly Archives: October 2016

Mortgage Market in Review – October 24, 2016

Market Comment Mortgage bond prices finished the week near unchanged which kept rates flat.  Rates were higher the beginning of the week as traders continued to focus on Yellen’s warning of “consequences” if the Fed waited too long to raise rates.  The early data was tame.  Industrial production rose 0.1% and capacity utilization was 75.4% […]

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Mortgage Market in Review – October 17, 2016

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were higher the beginning of the week as news out of the Eurozone was positive and reversed some of the flight to safety buying of U.S. debt instruments. The data was mixed. The Fed minutes showed 3 members wanted […]

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Mortgage Market in Review – October 10, 2016

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Rates were near neutral the beginning on the week but fell mid-week.  The employment data was mixed.  ADP payrolls showed the economy added 154K jobs in September. Economists expected the creation of 171K jobs.  Weekly jobless claims printed at 249K […]

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