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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 improvements … Continue reading MIG Market Watch, November 6th, 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 generally … Continue reading MIG Market Watch, October 30th, 2017
Paranormal Technology Investigations Robb Phillips Phiilips, owner and lead investigator with Paranormal Technology Investigations, returns The Housing Hour this week to discuss one of their most active investigation they ever witnessed! Paranormal Technology Investigations located at 101 Fox Street Jonesborough Tn. They offer an Escape Room Game, guided ghost tours plus real guided investigations. (if … Continue reading The Haunted Housing Hour with Robb Phillips
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 both … Continue reading MIG Market Watch, October 23rd, 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 the … Continue reading MIG Market Watch, October 16th, 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 135K. … Continue reading MIG Market Watch, October 9th, 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 GDP … Continue reading MIG Market Watch, October 2nd, 2017
MARKET COMMENT Mortgage bond prices finished the week slightly lower which pushed rates higher. Most of the losses came early in the week. The DOW was up over 200 points Monday morning after Hurricane Irma appeared to be less devastating than the initial forecasts. Producer prices rose 0.2% versus the expected 0.3% increase. The core, … Continue reading MIG Market Watch, September 18th, 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 continuing … Continue reading MIG Market Watch, September 11th, 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 than … Continue reading MIG Market Watch, September 4th, 2017
MARKET COMMENT Mortgage bond prices finished the week near unchanged which held rates in check. There were some small spikes higher early in the week. The Federal Housing Finance Agency (FHFA) index showed housing prices rose 6.5% in the past year. Weaker data later in the week reversed the small increases. New home sales printed … Continue reading MIG Market Watch, August 28th, 2017
MARKET COMMENT Mortgage bond prices finished the week a little higher which helped rates fall. Most of the improvements came Thursday as stocks struggled. Retail sales rose 0.6% versus the expected increase. The ex-auto component rose 0.5%. Analysts expected that to increase 0.3%. Weaker than expected housing starts data Wednesday kept rates in check. Industrial … Continue reading MIG Market Watch, August 21st, 2017
