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Category Archives: Kane’s Blog

Mortgage Market in Review – September 11, 2017

  Market Comment Mortgage bond prices finished the week slightly positive which helped rates remain favorable.  Factory orders declined 3.3% as expected.  Stock weakness early in the week set the tone.  Weekly jobless claims printed at 298K and continuing claims, a summation of all receiving benefits, at 1,940K. Expectations were for claims at 239K and […]

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Mortgage Market in Review – September 5, 2017

  Market Comment Mortgage bond prices finished the week slightly positive which helped rates remain favorable.  The Case-Shiller 20-City Index showed housing prices rose 5.7% as expected. Housing has been a bright spot in the economy showing steady gains.  Consumer confidence printed at 122.9, better than the expected 120.3 reading.  ADP payrolls data was stronger […]

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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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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 […]

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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 […]

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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 […]

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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 […]

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