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Monthly Archives: July 2018

Mortgage Market in Review – July 30, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Existing home sales printed at 5.38M units.  This was lower than the expected 5.45M.  Housing prices continued to climb, according to the FHFA Housing Price Index prices rose 0.2% in May and were up 6.4% over the last […]

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Mortgage Market in Review – July 23, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Retail sales, an indication of the strength of the consumer, rose 0.5%. Sales excluding automobiles rose 0.4%. That data was near expectations however May’s report was revised upward. Industrial Production rose 0.6% versus the expected 0.5% increase. Capacity […]

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Mortgage Market in Review – July 16, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Trade was negative Monday as stocks were stronger.  Producer prices rose 0.3% and the core value, which excludes the volatile food and energy components, also rose 0.3%. Economists expected both components to rise 0.2%. The cost to produce […]

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Mortgage Market in Review – July 9, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates steady. Trade was quiet amid thin trading conditions surrounding the holiday. ISM index was 60.2 vs the expected 59. Factory orders rose 0.4% versus the expected 0.1% increase. ADP employment was 177 vs the expected 180K. Weekly jobless claims were […]

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Mortgage Market in Review – July 2, 2018

    Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates.  Trade was quiet with a positive bias as the data released was near expectations and the Treasury auctions were OK.  New home sales were 689K versus the expected 667K.  Housing prices continued to rise helped by a shortage […]

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