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Category Archives: Kane’s Blog

Mortgage Market in Review – September 17, 2018

    Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The week started on a negative note amid no domestic data and strength out of the eurozone. Tame inflation readings mid-week helped counter some of the weakness. Producer prices fell 0.1% and the core value, which excludes the […]

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Mortgage Market in Review – September 10, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which kept rates steady.  The Institute for Supply Management (ISM) report printed at 61.3, much stronger than the expected 57.6.  The trade deficit stood at $50.1B. That data was near estimates.  ADP payrolls printed “cool or lower than expected” at 163K versus the […]

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Mortgage Market in Review – September 3, 2018

  Market Comment Mortgage bond prices finished the week near unchanged which kept rates steady. Stronger than expected data Tuesday and Wednesday put some initial upward pressure on rates. Confidence was 133.4 versus the expected 126.5. Q2 Gross Domestic Product rose 4.2% versus the expected 4%. The losses were reversed the latter portion of the […]

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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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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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