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Monthly Archives: January 2018

Mortgage Market in Review – January 29, 2018

    Market Comment Mortgage bond prices finished the week with rates near unchanged despite significant volatility throughout the week.  Rates were worse Monday morning in carryover from the prior week amid no data.  This trend reversed Tuesday in response to the end of the U.S. government shutdown.  Stock strength Wednesday resulted in some additional […]

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Mortgage Market in Review – January 22, 2018

    Market Comment Mortgage bond prices finished the week sharply lower which caused rates to spike higher. The selling pressure started Wednesday and continued through the end of the week. Industrial production rose 0.9% versus the expected 0.6% increase. Capacity use came in at 77.9 versus the expected 77.5 mark. NAHB housing was a […]

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Mortgage Market in Review – January 15, 2018

    Market Comment Mortgage bond prices finished the week sharply lower which caused rates to spike higher.  The selling pressure started Tuesday and continued through the middle of the week.  There were reports that China would slow or stop purchasing U.S. Treasuries.  The U.S. debt market got crushed in the short term as a […]

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Mortgage Market in Review – January 8, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates steady. Stocks hit record levels. Some analysts attribute the recent tax overhaul as stimulus for growth. The DOW closed above 25000 Thursday. ISM Index was 59.7 versus the expected 58 reading. ADP payrolls rose 250K versus the expected 190K. The […]

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Mortgage Market in Review – January 1, 2018

Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates after some recent sharp spikes higher.  Housing prices rose 6.4% over the past year according to the S&P Case Shiller home price index.  Housing is a bright spot in the economy with prices reaching all-time highs thanks in part to […]

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