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Monthly Archives: April 2017

Mortgage Market in Review – April 24, 2017

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates steady.  Rates started the week lower Monday morning but the improvements were erased by Thursday.  The NAHB Housing Market Index printed at 68 versus the expected 70. The index is based on a monthly survey of members belonging to the […]

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Mortgage Market in Review – April 17, 2017

    Market Comment Mortgage bond prices finished the week a little higher which helped rates improve. Rates started the week higher amid no data. The Treasury auctions generally showed solid foreign demand but lackluster domestic demand. There was some flight to quality buying of U.S. debt instruments in response to uncertainties in the Eurozone […]

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Mortgage Market in Review – April 10, 2017

Market Comment Mortgage bond prices finished the week a little higher which helped rates improve. Rates started the week lower. The data mid-week was mixed. The trade deficit was $43.6B versus the expected $44.7B. Factory orders rose 1.8% versus the expected 0.8% increase. ADP payrolls showed the economy added 263K jobs in March, much stronger […]

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Mortgage Market in Review – April 3, 2017

Market Comment Mortgage bond prices finished the week a little higher which helped rates hold steady. Rates started the week lower with no data Monday in response to the failure to repeal the Affordable Health Care Act. Stocks took a hit early amid concerns that stimulus spending would run into similar legislative issues. Some of […]

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