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Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates worsened gradually throughout the week with only a slight respite Friday morning. Tariffs dominated headlines and impacted stocks and bonds. Some of the data showed signs of weakness with slight price pressures. Consumer confidence was 92.9 vs 94 and … Continue reading MIG Market Watch, March 31st, 2025
Have you ever found yourself trying to make sense of the complex world of interest rates, only to be overwhelmed by a sea of confusing terms and numbers? Don’t worry, we’re here to break down the language used by financial experts and provide a clear understanding for everyone about what might happen with interest rates … Continue reading 2024 Housing Market and Mortgage Rate Landscape
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The Fed raised rates 75 basis points and the financial markets remained very volatile. The DOW fell below 30,000 at one point. Traders feared the rate increases needed to stem inflation may force the economy into a recession. Oil prices … Continue reading MIG Market Watch, June 20th, 2022
Market Comment Mortgage bond prices finished the week slightly higher which helped rates improve. Trading was very volatile with large movements throughout the week. Stocks struggled at times. The DOW closed down 1164 points Wednesday. There was some flight to safety buying of MBSs as a result. The data was mixed. Retail sales rose 0.9% … Continue reading MIG Market Watch, May 23rd, 2022
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Trading was very volatile with large movements throughout the week. The Fed raised rates 50 basis points Wednesday and released their plans to reduce their balance sheet. The short-term reaction was good for stocks and bonds, but the positive movements … Continue reading MIG Market Watch, May 9th, 2022
Market Comment Mortgage bond prices finished the week sharply lower which put upward pressure on rates. We started on a negative note, turned positive mid-week, and then lost more to end the week. This is the third week in a row in which rates behaved in this manner. Inflation fears dominated trading as traders positioned … Continue reading MIG Market Watch, April 25th, 2022
Market Comment Mortgage bond prices finished the week near neutral which kept rates near unchanged after considerable volatility. Rates were negative throughout the beginning of the week as inflation fears dominated trading. Solid data Wednesday did not help. Retail sales rose 3.8% vs 2.3%. Industrial production rose 1.4% vs 0.4%. Capacity use was 77.6% vs … Continue reading MIG Market Watch, February 21st
Market Comment Mortgage bond prices finished the week lower which put additional upward pressure on rates. Rates were negative to start and end the week with some minor positive movements Tuesday afternoon and Wednesday morning. Most of the data was tame. Construction spending rose 0.2% vs 0.6%. ISM Index was 57.6% vs 57.5%. ADP employment … Continue reading MIG Market Watch, February 7th
Market Comment Mortgage bond prices finished the week lower which put additional upward pressure on rates. Rates were steady the beginning of the week but pushed higher Wednesday in response to the Fed meeting. The Fed left rates unchanged, announced additional tapering of MBS purchases in February, said asset purchases will cease in March, and … Continue reading MIG Market Watch, January 31st
Market Comment Mortgage bond prices finished the week lower which put additional upward pressure on rates. Heavy selling pressure continued Tuesday morning as rates worsened by 5/8 of a discount point that morning alone. Inflation fears dominated trading. Oil prices hit levels not seen since 2014. The Fed continued their MBS purchases which buffered some … Continue reading MIG Market Watch, January 24th
Market Comment Mortgage bond prices finished the week lower which put additional upward pressure on rates. The selling pressure continued as inflation fears dominated headlines. The consumer reading hit marks not seen since 1982 with a 7% yearly increase. Consumer prices on a monthly basis rose 0.5% as expected. However, the core, which excludes volatile … Continue reading MIG Market Watch, January 17th
Market Comment Mortgage bond prices finished the week sharply lower which put significant upward pressure on rates. The MBS market had not experienced such spikes in a very long time. There were large rate increases Monday, Tuesday, Thursday, and Friday. Inflation fears, anticipated Fed adjustments, and general uncertainty dominated trading. The data was mixed. ISM … Continue reading MIG Market Watch, January 10th
