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Monthly Archives: January 2017

Mortgage Market in Review – January 23, 2017

    Market Comment Mortgage bond prices finished the week lower which put sharp upward pressure on rates. Rates were lower Tuesday as Brexit fears reemerged. The improvements and more were quickly erased as inflation fears and solid economic data caused prices to fall and rates to rise. Consumer inflation readings were as expected as […]

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Mortgage Market in Review – January 16, 2017

    Market Comment Mortgage bond prices finished the week lower which pushed rates slightly higher.  Rates were stable the early portion of the week amid no data.  The National Federation of Independent Business reported that the Small Business Optimism Index jumped by the most since the survey began.   Foreign appetite for US debt remained […]

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Mortgage Market In Review – January 9, 2017

Market Comment Mortgage bond prices finished the week a little higher which helped rates improve slightly. Rates were higher Tuesday as news out of the Eurozone showed stronger than expected economic growth. Rates fell Wednesday and Thursday. ADP employment was a weaker than expected 153K. Analysts looked for a reading of 170K. Weekly jobless claims […]

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Mortgage Market in Review – January 2, 2017

    Market Comment Mortgage bond prices finished the week higher which helped rates fall.  Rates were higher Tuesday as mortgage companies sold MBSs to cover locked borrowers.  Consumer confidence printed at 113.7 versus the expected 109.8 mark.  That data was much stronger than expected and not rate friendly which added to the selling pressure.  […]

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Mortgage Market in Review – December 26, 2016

    Market Comment Mortgage bond prices finished the week a little higher which helped rates remain steady. Rates were under a little pressure higher Tuesday amid reports that foreign governments continued to reduce U.S. debt holdings. There was a slight rebound Wednesday after the European Court of Justice ruled that a Spanish court cannot […]

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