Skip to content

Monthly Archives: February 2018

Mortgage Market in Review – February 26, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates amid continued volatility.  Rates were relatively stable the first portion of the week.  That trend quickly evaporated in the wake of the Fed minutes which pointed to future rate hikes.  Weekly jobless claims printed at 222K and continuing […]

READ MORE »

Mortgage Market in Review – February 12, 2018

    Market Comment Mortgage bond prices finished the week near unchanged despite significant volatility.  Rates fell Tuesday after the DOW got crushed and closed down 1150 points.  The U.S. ran a trade deficit of $53.1B which was near expectations.  Rates shot higher Thursday morning in response to stronger employment data.  Weekly jobless claims printed […]

READ MORE »

Mortgage Market in Review – February 5, 2018

    Market Comment Mortgage bond prices finished the week sharply lower which caused rates to skyrocket. Rates were worse Monday morning as traders positioned themselves ahead of the employment data. Personal income rose 0.4% as expected. Spending rose 0.4% versus the 0.5% increase. PCE core inflation rose 0.2% as expected. Consumer confidence was 125.4 […]

READ MORE »