Skip to content

Monthly Archives: July 2017

Mortgage Market in Review – July 31, 2017

  Market Comment Mortgage bond prices finished the week near unchanged which held rates steady. Rates increased Monday morning amid stronger stocks. Rates recovered later in the week amid mixed data. The FHFA Housing Price Index rose 0.4% versus the expected 0.7% increase. Consumer Confidence was 121.1 which was higher than most estimates. Orders for […]

READ MORE »

Mortgage Market in Review – June 24, 2017

  Market Comment Mortgage bond prices finished the week near unchanged which held rates steady. Rates increased Monday morning amid little data only to swing lower Tuesday morning. The NAHB Housing Index came in at 64 versus the expected 68 mark. This was the lowest level since November 2016. Housing starts were 1215K. Analysts expected […]

READ MORE »

Mortgage Market in Review

  Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates.  Trading was positive the first portion of the week with no data.  Federal Reserve Chair Janet Yellen’s testimony to Congress held no surprises. She continued to state that inflation remains softer than the Fed would like, that the slack […]

READ MORE »

Mortgage Market in Review – July 10, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Solid data and news out of the Eurozone set the negative tone for the week. The ISM index was 57.8 versus the expected 55 reading. The European Central Bank said the “economic upturn had gathered some further momentum.” This […]

READ MORE »

Mortgage Market in Review – July 3, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Orders for durable goods, items lasting more than three years, fell 1.1%.  That data was weaker than the 0.6% decline traders expected.  Consumer confidence printed at 118.9, which was better than expected.  Consumers may be feeling good because the […]

READ MORE »

Mortgage Market in Review – June 26, 2017

  Market Comment Mortgage bond prices finished the week slightly lower which put a little upward pressure on rates. Trading was quiet throughout most of the week with very narrow changes. New York Fed President Dudley recently said that he is pleased with the U.S. economy and noted that inflation should pick up. This started […]

READ MORE »