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Monthly Archives: May 2017

Mortgage Market in Review – May 30, 2017

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. Rates started slightly better Monday and Tuesday morning amid no data. There was a selloff Tuesday afternoon which was reflected in pricing Wednesday morning. The economic releases later in the week were mixed. The FHFA Housing price index […]

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Mortgage Market in Review – May 24, 2017

    Market Comment Mortgage bond prices finished the week higher which helped rates improve. Trading was quiet the first of the week with a positive bias. Stock weakness mid-week resulted in some nice rate improvements as flight to safety buying emerged. This was reversed slightly Thursday afternoon as stocks recovered some of the earlier […]

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Mortgage Market in Review – May 15, 2017

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. There was a slight negative bias throughout most of the early part of the week despite wild stock swings. Fed speakers primed the financial markets for an announcement sometime this year regarding a reduction in their balance sheet. […]

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Mortgage Market in Review – May 8, 2017

    Market Comment Mortgage bond prices finished the week lower which pushed rates higher.  The Core PCE, the Fed’s favored inflation gauge, fell 0.1% as expected.  Personal income rose 0.2% and spending was unchanged.  The ISM Index was weaker than expected.  ADP employment showed the economy added 177,000 jobs in April which was near […]

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Mortgage Market in Review – May 1, 2017

    Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Rates spiked higher early in the week as stocks hit record levels. The data was mixed. New Home Sales were 621K versus the expected 590K. Consumer confidence was 120.3 versus the expected 122.3. The FHFA House Price index rose 0.8%. […]

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