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Monthly Archives: August 2017

Mortgage Market in Review – August 28, 2017

  Market Comment Mortgage bond prices finished the week near unchanged which held rates in check.  There were some small spikes higher early in the week.  The Federal Housing Finance Agency (FHFA) index showed housing prices rose 6.5% in the past year.  Weaker data later in the week reversed the small increases.  New home sales […]

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Mortgage Market in Review – August 21, 2017

  Market Comment Mortgage bond prices finished the week a little higher which helped rates fall. Most of the improvements came Thursday as stocks struggled. Retail sales rose 0.6% versus the expected increase. The ex-auto component rose 0.5%. Analysts expected that to increase 0.3%. Weaker than expected housing starts data Wednesday kept rates in check. […]

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Mortgage Market in Review – August 14, 2017

  Market Comment Mortgage bond prices finished the week higher which helped rates fall.  Most of the improvements came Wednesday morning.  North Korea threatened to attack Guam and the US Administration warned of “fire and fury” if North Korea continued down that path.  This caused some uneasiness in the global financial markets and MBS prices […]

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Mortgage Market in Review – August 7, 2017

  Market Comment Mortgage bond prices finished the week higher which helped rates fall. Most of the improvements came early in the week. PCE Core inflation, the Fed’s preferred inflation gauge, rose 0.1% as expected. The ADP employment report was weaker than expected. However, the June number was revised sharply higher. Stocks hit record highs. […]

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