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Monthly Archives: May 2018

Mortgage Market in Review – May 28, 2018

    Market Comment Mortgage bond prices finished the week sharply higher which put downward pressure on rates. We started the week on a positive note and the trend continued with only some minor selling Tuesday morning and Thursday afternoon. New home sales were 662K. Analysts expected 700K. Weekly jobless claims were a higher than […]

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Mortgage Market in Review – May 21, 2018

    Market Comment Mortgage bond prices finished the week sharply lower which put upward pressure on rates.  We started the week on a negative note and the selling pressure continued.  Retail sales rose 0.3% as expected.  Housing starts were weaker than expected.  The Philadelphia Fed survey, an indication of manufacturing activity in the all-important […]

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Mortgage Market in Review – May 14, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check. We started the week on a slightly positive note amid no data and signs of weakness out of the eurozone. That reversed Tuesday and Wednesday with some minor selling pressure. Tame inflation readings later in the week helped […]

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Mortgage Market in Review – May 7, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates in check.  Personal income rose 0.3% and outlays rose 0.4%. Core PCE rose 0.2%. That data was near expectations. The 0.2% rise in core PCE, which excludes the volatile food and energy costs, took the index to a 2% yoy […]

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Mortgage Market in Review – April 30, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started with sharply higher rates as data showed economic strength. New home sales were 694K versus the expected 631K. Consumer confidence was 128.7. Analysts looked for a reading of 126. The 10Y hit the key psychological 3% […]

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