Skip to content

Category Archives: Kane’s Blog

Mortgage Market in Review – June 11, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The first portion of the week was calm as some of the data was weaker than expected. Factory orders came in lower than expected. The Trade deficit was $46.2B versus the expected $48.8B. Productivity rose 0.4% versus the […]

READ MORE »

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 […]

READ MORE »

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 […]

READ MORE »

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 […]

READ MORE »

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 […]

READ MORE »

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% […]

READ MORE »

Mortgage Market in Review – April 23, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  We started with slightly higher rates early Monday morning as data showed economic strength.  Retail sales rose 0.6% versus the expected 0.4% increase.  Removing automobile sales from the data, sales rose 0.2% as expected.  Housing starts and industrial […]

READ MORE »

Mortgage Market in Review – April 16, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started with slightly higher rates early Monday morning as global equities had a solid showing. US and China trade tensions continued to dominate headlines and swung stocks back and forth. Producer prices rose 0.3% versus the expected […]

READ MORE »

Mortgage Market in Review – April 9, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  We started with higher rates early Monday morning but that reversed as stocks stumbled.  Global equities were shaken as US and China trade tensions escalated.  The Institute for Supply Management (ISM) printed at 59.3 which did not move […]

READ MORE »

Mortgage Market in Review – April 2, 2018

    Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. Stocks were very volatile as trade war fears subsided and renegotiated trade deals emerged. The economic data was mixed which pushes additional Fed rate hikes out in time. Consumer confidence was 127.7 versus the expected 130 reading. Q4 […]

READ MORE »