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Category Archives: Kane’s Blog

Mortgage Market in Review – February 18, 2019

    Market Comment Mortgage bond prices finished the week near unchanged to slightly lower which kept rates relatively flat. Rates started the weak higher amid no data and reports that US China trade negotiations were progressing. Consumer prices were unchanged versus an expected 0.1% increase. This was mostly attributed to low gas prices which […]

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Mortgage Market in Review – February 4, 2019

    Market Comment Mortgage bond prices were positive for the week which put some downward pressure on rates. Most of the improvements came early in the week. Consumer confidence was 120.2 versus an expected reading of 126. ADP employment rose 213K versus estimates of 170K. The Fed left rates unchanged and noted they “will […]

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Mortgage Market in Review – January 28, 2019

    Market Comment Mortgage bond prices were negative for the week which put some upward pressure on rates.  Existing home sales printed at 4.99M units. That data was weaker than the expected 5.25M.  The FHFA Housing Price Index showed prices rose 5.8% in the last 12 months. The Housing Price Index (HPI) is a […]

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Mortgage Market in Review – January 21, 2019

    Market Comment Mortgage bond prices were negative for the week which put some upward pressure on rates. Most of the trading played off stocks. Rates were neutral Monday morning amid stock weakness. This reversed Tuesday despite tame inflation readings. Producer prices fell 0.2% versus the expected 0.1% decline. Core prices, which exclude volatile […]

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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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