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MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates in check. Rates started slightly better Monday and Tuesday morning amid no data. There was a selloff Tuesday afternoon which was reflected in pricing Wednesday morning. The economic releases later in the week were mixed. The FHFA Housing price index was up … Continue reading MIG Market Watch, May 29th, 2017
MARKET COMMENT Mortgage bond prices finished the week higher which helped rates improve. Trading was quiet the first of the week with a positive bias. Stock weakness mid-week resulted in some nice rate improvements as flight to safety buying emerged. This was reversed slightly Thursday afternoon as stocks recovered some of the earlier losses. The … Continue reading MIG Market Watch, May 22nd, 2017
RALPH PERREY THDA EXECUTIVE DIRECTOR Perrey joins The Housing Hour this week to give our listeners an update on the new $15,000 down payment program available across the State for specific zip codes. Ralph also explains the different THDA programs available and how Tennesseans can benefit from these first time home buyer programs. Be sure … Continue reading This Week on The Housing Hour: Ralph Perrey
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates in check. There was a slight negative bias throughout most of the early part of the week despite wild stock swings. Fed speakers primed the financial markets for an announcement sometime this year regarding a reduction in their balance sheet. Weekly jobless … Continue reading MIG Market Watch, May 15th, 2017
MARKET COMMENT Mortgage bond prices finished the week lower which pushed rates higher. The Core PCE, the Fed’s favored inflation gauge, fell 0.1% as expected. Personal income rose 0.2% and spending was unchanged. The ISM Index was weaker than expected. ADP employment showed the economy added 177,000 jobs in April which was near the expected … Continue reading MIG Market Watch, May 8th, 2017
MARKET COMMENT Mortgage bond prices finished the week lower which pushed rates higher. Rates spiked higher early in the week as stocks hit record levels. The data was mixed. New Home Sales were 621K versus the expected 590K. Consumer confidence was 120.3 versus the expected 122.3. The FHFA House Price index rose 0.8%. Analysts looked … Continue reading MIG Market Watch, May 1st, 2017
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates steady. Rates started the week lower Monday morning but the improvements were erased by Thursday. The NAHB Housing Market Index printed at 68 versus the expected 70. The index is based on a monthly survey of members belonging to the National Association … Continue reading MIG Market Watch, April 24th, 2017
MARKET COMMENT Mortgage bond prices finished the week a little higher which helped rates improve. Rates started the week higher amid no data. The Treasury auctions generally showed solid foreign demand but lackluster domestic demand. There was some flight to quality buying of U.S. debt instruments in response to uncertainties in the Eurozone tied to … Continue reading MIG Market Watch, April 17th, 2017
MARKET COMMENT Mortgage bond prices finished the week a little higher which helped rates improve. Rates started the week lower. The data mid-week was mixed. The trade deficit was $43.6B versus the expected $44.7B. Factory orders rose 1.8% versus the expected 0.8% increase. ADP payrolls showed the economy added 263K jobs in March, much stronger … Continue reading MIG Market Watch, April 10th, 2017
TINA MUIR RUNNING FOR REAL Tina is an elite runner. Her PRs are 16:08 (5k), 33:24 (10k), 1:13 (Half Marathon), and 2:36 (Marathon). After growing the Run to the Top Podcast to over 150,000 downloads per month, she has gone after one of her passions; helping people to feel good about themselves, through a community … Continue reading This Week on The Housing Hour: Tina Muir, Jason & Kristy Altman
MARKET COMMENT Mortgage bond prices finished the week higher which pushed rates lower. Rates started the week lower with no data releases. The positive streak continued after tame housing data. Existing home sales printed at 5.48M units versus the expected 5.54M. Housing prices were unchanged from December to January according to the FHFA Housing Price … Continue reading MIG Market Watch, March 27th, 2017
MARKET COMMENT Mortgage bond prices finished the week higher which pushed rates lower amid volatile trading. Rates started the week sharply higher in response to inflation and rate hike fears. The producer price index and core both were higher than expected. Inflation readings on the consumer side were tame as expected. The Fed raised rates … Continue reading MIG Market Watch, March 20th, 2017
