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Monthly Archives: September 2017

Mortgage Market in Review – September 25, 2017

  Market Comment Mortgage bond prices finished the week slightly lower which pushed rates higher.  Most of the losses came late in the week and followed the Fed’s announcement to reduce their balance sheet starting in October.  The housing data also caused some concerns.  The NAHB Housing Market Index was lower than expected.  Housing starts […]

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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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