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Category Archives: Kane’s Blog

Mortgage Market in Review – January 14, 2019

    Market Comment Mortgage bond prices were neutral for the week which kept rates steady.  We started on a positive note Monday morning amid stock weakness at the open.  This reversed during the day and we had had upward pressure on rates heading into Tuesday.  Weekly jobless claims printed at 216K and continuing claims, […]

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Mortgage Market in Review – January 7, 2019

    Market Comment Mortgage bond prices were positive for the week despite some significant volatility. We started on a neutral note Monday amid thin trading conditions and a shortened trading day. Stock weakness resulted in a lot of flight to safety of US debt. The DOW was down 660 points Thursday alone. The data […]

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Mortgage Market in Review – December 31, 2018

    Market Comment Mortgage bond prices finished the week near unchanged to slightly positive which kept rates steady.  We started on a neutral note Monday amid thin trading conditions and a shortened trading day.  The 2Y Treasury auction showed weak demand which caused some concern.  The US is bleeding red ink with $1T+ annual […]

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Mortgage Market in Review – December 24, 2018

    Market Comment Mortgage bond prices finished the week near unchanged to slightly positive which kept rates steady. We started on a positive note late Monday as stocks showed continued weakness and the DOW closed down over 500 points. The NAHB Housing Index was 56 which was the lowest reading since May 2015. It […]

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Mortgage Market in Review – December 10, 2018

    Market Comment Mortgage bond prices finished the week higher which helped rates improve. We started on a neutral note Monday. Stock weakness mid-week resulted in some flight to safety buying of US debt instruments. The data was mixed. The trade deficit was higher than expected. Revised Q3 Productivity was 2.3% versus the expected […]

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Mortgage Market in Review – December 4, 2018

    Market Comment Mortgage bond prices finished the week higher which helped rates improve.  We started on a negative note Monday. Consumer confidence was a solid 135.7.  The economy grew 3.5% in the third quarter as expected.  New home sales printed at 544K versus the anticipated 575K.  A tame inflation reading Thursday morning was […]

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Mortgage Market in Review – November 19, 2018

    Market Comment Mortgage bond prices finished the week higher which put sharp downward pressure on rates.  Consumer prices rose 0.3% and the core value, which excludes the volatile food and energy costs, rose 0.2%. That data was near expectations and supports the narrative from the Federal Reserve that inflation is rising as the […]

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Mortgage Market in Review – November 12, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Stocks showed positive movements prior to and after the Tuesday elections and MBS prices were lower. The Treasury auctions early in the week were generally lackluster. The Fed left rates unchanged but said the labor market was strong, […]

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Mortgage Market in Review – November 7, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  The Case Shiller 20 Home Index was 5.5%. Market participants expected an increase of 5.9%.  Consumer confidence printed at 137.9, better than the expected 135.8 reading.  Stocks saw some large swings again this week but mostly in an […]

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Mortgage Market in Review – October 30, 2018

    Market Comment Mortgage bond prices finished the week near unchanged despite some sharp swings throughout the week. Rates fell slightly the first portion of the week amid no data and a strong stock selloff. Many of the improvements were erased Wednesday afternoon and Thursday morning as stocks recovered some of the earlier losses. […]

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