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Monthly Archives: November 2016

Mortgage Market in Review – November 28, 2016

Market Comment Mortgage bond prices finished the week sharply lower which caused rates to surge higher.  Market sentiment believes that the economy will expand and cause inflation to rise through deficit spending.  Existing home sales were 5.6M versus the expected 5.4M.  Weekly jobless claims were 251K versus the expected 243K. Durable goods orders rose 4.8% […]

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Mortgage Market in Review – November 21, 2016

Market Comment Mortgage bond prices finished the week sharply lower which caused rates to surge higher.  Market sentiment believes that the economy will expand and cause inflation to rise through deficit spending and Trump rolling back regulations enacted under Obama.  Retail sales rose 0.8% versus the expected 0.6% increase.  The dollar strengthened when interest rates […]

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Mortgage Market in Review – November 16, 2016

Market Comment Mortgage bond prices finished the week sharply lower which caused rates to surge higher. There was very little data this week. The Treasury auctions were all weak. Rates shot higher after the election results and stocks rallied. Uncertainty entered the once safe haven of mortgage bonds. Investors took profits after the very long […]

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Mortgage Market in Review – November 7, 2016

Market Comment Mortgage bond prices finished the week near unchanged holding rates steady.  Data was mixed throughout the week.  The Institute for Supply Management (ISM) report printed at 51.9 which was near expectations.  Rates shot higher Tuesday ahead of the Fed meeting Wednesday despite no anticipated rate increase.  The Fed kept rates unchanged.  The governing […]

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Mortgage Market in Review – October 31, 2016

Market Comment Mortgage bond prices finished the week lower which pushed rates higher. Data was mixed throughout the week but we finished with strong growth figures Friday. Consumer confidence was 98.6 versus the expected 100.8 mark. New home sales were 593K versus the expected 600K. The European Central Bank echoed the rate hike warnings of […]

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