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Monthly Archives: August 2018

Mortgage Market in Review – August 27, 2018

    Market Comment Mortgage bond prices finished the week mixed with conventional prices a little lower and government prices near neutral. Existing home sales were 5.34M versus the expected 5.4M. Weekly jobless claims were 210K and continuing claims were 1727K. Analysts expected readings of 215K and 1729K. New home sales and the FHFA house […]

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Mortgage Market in Review – August 20, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates steady. Trading exhibited the typical summer doldrums with very little movement up or down. Most changes were within narrow ranges of less than 1/8 of a discount point. The data was mixed. Retail sales rose 0.5% versus the expected 0.2% […]

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Mortgage Market in Review – August 13, 2018

    Market Comment Mortgage bond prices finished the week higher which helped rates improve.  We started the week on a positive note Monday only to see the market reverse course Tuesday morning.  Producer prices remained unchanged and the core value, which excludes the volatile food and energy costs, rose 0.1%. Economists expected PPI to […]

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Mortgage Market in Review – August 6, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates flat. We started the week on a bad note as rates shot higher Monday morning. The ADP employment report showed an increase of 219K versus the expected 175K increase. A tightening labor market supports additional Fed rate hikes sooner rather […]

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