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Monthly Archives: December 2017

Mortgage Market in Review – December 26, 2017

    Market Comment Mortgage bond prices finished the week lower which put significant upward pressure on rates. The NAHB housing index was 74 versus the expected 70 reading. The stronger than expected data resulted in stock gains Monday morning. November housing starts also showed strength. Q3 GDP rose 3.2% versus the expected 3.3% reading. […]

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Mortgage Market in Review – December 18, 2017

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were volatile Tuesday in response to a higher than expected core inflation reading. Producer prices rose 0.4% and the core value, which excludes the volatile food and energy components, rose 0.3%. Economists expected PPI to rise 0.4% […]

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Mortgage Market in Review – December 11, 2017

    Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were stable Monday morning despite stock strength that had the DOW up 264 points early that day. The Senate passed tax reform which had stocks optimistic. Factory orders fell 0.1% versus the expected 0.4% decrease. ADP payrolls […]

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Mortgage Market in Review – December 4, 2017

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Trading was quiet the first portion of the week.  Stocks surged higher the latter portion of the week as the DOW hit record levels.  Housing prices continued to rise according to both the Federal Housing Finance Agency (FHFA) and the […]

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