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Market Comment for Week of October 18, 2010…
MARKET COMMENT Mortgage bond prices ended the week considerably lower pushing mortgage interest rates higher. Rates were weaker following the extended holiday weekend. Stock strength Wednesday did...
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Market Comment for Week of October 25, 2010…
MARKET COMMENT Mortgage bond prices ended the week higher pushing mortgage interest rates lower. We had a week of very mixed data. Industrial production data was weaker than expected which was...
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Market Comment for Week of November 1, 2010…
MARKET COMMENT Mortgage bond prices ended the week lower pushing mortgage interest rates considerably higher. A sell off early in the week sent rates skyrocketing higher. Stronger than expected...
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Market Comment for Week of November 8, 2010…
MARKET COMMENT Mortgage bond prices were slightly positive for the week amid very choppy trading conditions. We started on a positive note for bonds with lower than expected PCE inflation data....
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Market Comment for Week of November 15, 2010…
MARKET COMMENT Mortgage bond prices were lower for the week pushing mortgage interest rates higher. The Treasury auctions were mixed with generally decent foreign demand but rather lackluster overall...
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Market Comment for Week of November 22, 2010…
MARKET COMMENT Mortgage bond prices got crushed last week pushing rates considerably higher. Trading started negatively Monday when stronger than expected retail sales figures piled on top of the...
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Market Comment for Week of December 6, 2010…
MARKET COMMENT Mortgage bond prices fell pushing mortgage interest rates higher last week. We started the week with some flight to quality buying as details of Ireland’s $113b bailout emerged. That...
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Market Comment for Week of December 20, 2010…
MARKET COMMENT Mortgage bond prices got crushed the beginning of last week pushing rates significantly higher. Increased inflation fears tied to the Fed’s quantitative easing (QE2) and stronger than...
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Existing-Home Sales Rise 5.6%
Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of REALTORS®. Existing-home sales, which are...
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Market Comment for Week of August 8, 2011…
MARKET COMMENT Mortgage bond prices rose last week, which pushed mortgage interest rates sharply lower. Rates found support from both weak stocks and flight-to-safety buying as the debt problems in...
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