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MARKET COMMENT Mortgage bond prices finished the week sharply lower which caused rates to surge higher. Market sentiment believes that the economy will expand and cause inflation to rise through deficit spending. Existing home sales were 5.6M versus the expected 5.4M. Weekly jobless claims were 251K versus the expected 243K. Durable goods orders rose 4.8% … Continue reading MIG Market Watch, November 28th, 2016
MARKET COMMENT Mortgage bond prices finished the week sharply lower which caused rates to surge higher. Market sentiment believes that the economy will expand and cause inflation to rise through deficit spending and Trump rolling back regulations enacted under Obama. Retail sales rose 0.8% versus the expected 0.6% increase. The dollar strengthened when interest rates … Continue reading MIG Market Watch, November 21st, 2016
We can have you home for the holidays! Buying a home is one of the most important financial decisions you will ever make. That’s why we are committed to making your home buying experience a pleasure. At Mortgage Investors Group, we offer loan programs to assist all types of borrowers, and will work with you … Continue reading Home for the Holidays
MARKET COMMENT Mortgage bond prices finished the week sharply lower which caused rates to surge higher. There was very little data this week. The Treasury auctions were all weak. Rates shot higher after the election results and stocks rallied. Uncertainty entered the once safe haven of mortgage bonds. Investors took profits after the very long … Continue reading MIG Market Watch, November 14th, 2016
MARKET COMMENT Mortgage bond prices finished the week near unchanged holding rates steady. Data was mixed throughout the week. The Institute for Supply Management (ISM) report printed at 51.9 which was near expectations. Rates shot higher Tuesday ahead of the Fed meeting Wednesday despite no anticipated rate increase. The Fed kept rates unchanged. The governing … Continue reading MIG Market Watch, November 7th, 2016
