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Monthly Archives: November 2017

Mortgage Market in Review – November 20, 2017

    Market Comment Mortgage bond prices finished the week near unchanged which held rates steady.  Prices rose the first portion of the week as stocks were weaker.  That trend reversed Thursday as the DOW closed up 187 points and MBS prices sold off.  Producer prices rose 0.4% and the core value, which excludes the […]

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Mortgage Market in Review – November 13, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The strange thing with the recent selloff is the fact that it paralleled weakness in stocks. Usually we see an inverse relationship with the 2 markets but not this week. Rates were positive the beginning of the week amid […]

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Mortgage Market in Review – November 6, 2017

  Market Comment Mortgage bond prices finished the week higher which helped recover some of the recent rate increases.  Rates were positive the beginning of the week after a tame inflation reading.  Core PCE, the Fed’s preferred gauge, rose 0.1% as expected.  Personal income and spending rose 0.4% and 1% respectively.  Some of the rate […]

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