Skip to content

Category Archives: Kane’s Blog

Mortgage Market in Review – November 13, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The strange thing with the recent selloff is the fact that it paralleled weakness in stocks. Usually we see an inverse relationship with the 2 markets but not this week. Rates were positive the beginning of the week amid […]

READ MORE »

Mortgage Market in Review – November 6, 2017

  Market Comment Mortgage bond prices finished the week higher which helped recover some of the recent rate increases.  Rates were positive the beginning of the week after a tame inflation reading.  Core PCE, the Fed’s preferred gauge, rose 0.1% as expected.  Personal income and spending rose 0.4% and 1% respectively.  Some of the rate […]

READ MORE »

Mortgage Market in Review – October 30, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were flat the beginning of the week amid reports out of the Eurozone about unrest in Spain. Higher stocks and talk of potential Fed Chair replacements when Yellen’s term ends early next year sent rates higher. The data […]

READ MORE »

Mortgage Market in Review – October 24, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Rates were flat the beginning of the week but were pressured higher as stocks continued to hit record levels.  Most of the data releases showed no real surprises.  Industrial production rose 0.3% and capacity utilization stood at 76% which […]

READ MORE »

Mortgage Market in Review – October 16, 2017

  Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates.  Rates were positive following the holiday amid some instability in the Eurozone especially focused in Spain.  Rates were under a little upward pressure in the middle of the week as stocks continued to climb.  This reversed some later in […]

READ MORE »

Mortgage Market in Review – October 9, 2017

  Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were worse the beginning of the week amid no data and strong stocks. Prices recovered a little Wednesday amid some instability in the Eurozone tied to Catalonia’s bid for independence from Spain. ADP Employment showed a reading of […]

READ MORE »

Mortgage Market in Review – October 2, 2017

  Market Comment Mortgage bond prices finished the week near unchanged to slightly lower which put a little upward pressure on rates. Rates were flat the beginning of the week and then shot higher Wednesday and Thursday in response to stronger than expected data. Durable orders rose 1.7% versus the expected 0.7% increase. Revised Q2 […]

READ MORE »

Mortgage Market in Review – September 25, 2017

  Market Comment Mortgage bond prices finished the week slightly lower which pushed rates higher.  Most of the losses came late in the week and followed the Fed’s announcement to reduce their balance sheet starting in October.  The housing data also caused some concerns.  The NAHB Housing Market Index was lower than expected.  Housing starts […]

READ MORE »

Mortgage Market in Review – September 11, 2017

  Market Comment Mortgage bond prices finished the week slightly positive which helped rates remain favorable.  Factory orders declined 3.3% as expected.  Stock weakness early in the week set the tone.  Weekly jobless claims printed at 298K and continuing claims, a summation of all receiving benefits, at 1,940K. Expectations were for claims at 239K and […]

READ MORE »

Mortgage Market in Review – September 5, 2017

  Market Comment Mortgage bond prices finished the week slightly positive which helped rates remain favorable.  The Case-Shiller 20-City Index showed housing prices rose 5.7% as expected. Housing has been a bright spot in the economy showing steady gains.  Consumer confidence printed at 122.9, better than the expected 120.3 reading.  ADP payrolls data was stronger […]

READ MORE »