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Category Archives: Kane’s Blog

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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Mortgage Market in Review – October 22, 2018

Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates.  Rates were relatively steady the first portion of the week.  Selling pressure emerged Wednesday afternoon as stocks recovered some of their recent losses.  Retail sales, an indication of the strength of the consumer, rose 0.1%. Excluding automobiles sales fell 0.1%. […]

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Mortgage Market in Review – October 15, 2018

    Market Comment Mortgage bond prices finished the week near unchanged which held rates in check. Rates were higher Tuesday after the extended holiday weekend. Selling pressure tied to strength in the recent employment report set the tone for trading early in the week. Producer prices rose 0.2% as expected. The core, which excludes […]

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Mortgage Market in Review – October 1, 2018

    Market Comment Mortgage bond prices finished the week slightly higher which put a little downward pressure on rates. The week started on a negative note as the Treasury auctions had lower than average demand. The FHFA House Price Index rose 0.2% as expected. Consumer confidence was a strong 138.4 versus an expected 131 […]

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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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