Translate this page:
![Mortgage Investors Group in [Dynamic1]](../assets/images/mortgage-investors-group.svg)
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
MARKET COMMENT Mortgage bond prices finished the week lower which pushed rates higher. Data was mixed throughout the week but we finished with strong growth figures Friday. Consumer confidence was 98.6 versus the expected 100.8 mark. New home sales were 593K versus the expected 600K. The European Central Bank echoed the rate hike warnings of … Continue reading MIG Market Watch, October 31st, 2016
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were higher the beginning of the week as news out of the Eurozone was positive and reversed some of the flight to safety buying of U.S. debt instruments. The data was mixed. The Fed minutes showed 3 members wanted … Continue reading MIG Market Watch, October 17th, 2016
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were near neutral the beginning on the week but fell mid-week. The employment data was mixed. ADP payrolls showed the economy added 154K jobs in September. Economists expected the creation of 171K jobs. Weekly jobless claims printed at 249K … Continue reading MIG Market Watch, October 10th, 2016
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates basically flat. Rates improved Monday morning as news out of the Eurozone focused on Deutsche Bank and legal proceedings with the U.S. government. There was flight to safety buying of U.S. debt instruments as a result. That unwound a bit toward the … Continue reading MIG Market Watch, October 3rd, 2016
MARKET COMMENT Mortgage bond prices finished the week higher which helped rates fall. There was some seesaw trading but within a relatively narrow ahead of the Fed meeting Wednesday. The Fed reduced growth projections for this year and mortgage bond prices rose which pushed rates lower Wednesday afternoon and into Thursday morning. The data was … Continue reading MIG Market Watch, September 26th, 2016
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as the possibility of a Fed rate hike in the short term waxed and waned. Fed Governor Lael Brainard made dovish remarks which surprised traders who were prepared for a … Continue reading MIG Market Watch, September 19th, 2016
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as the European Central Bank did not announce an extension of their asset purchases past the current March 2017 deadline. Oil inventories fell from an expected increase. In addition, continued … Continue reading MIG Market Watch, September 12th, 2016
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as Fed officials continued to discuss rate increases. Fed Vice-Chair Fischer said the economy was near full employment. Consumer confidence was expected at 97 but came in at a 101.1 … Continue reading MIG Market Watch, September 5th, 2016
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates flat. Rates rose, fell, and then rose again in seesaw trading throughout the week. Personal income rose 0.2% as expected. Spending rose 0.4% versus the expected 0.3% increase. PCE inflation rose 0.1% as expected. Dallas Fed President Kaplan said the Fed was … Continue reading MIG Market Watch, August 8, 2016
MARKET COMMENT Mortgage bond prices finished the week slightly lower which put upward pressure on rates. Rates were flat the beginning of the week amid mixed data. The NAHB Housing Index was 59 versus the expected 60. Housing starts were 1189K. Analysts looked for a reading of 1170K. Rates worsened Thursday morning in response to … Continue reading MIG Market Watch July 25th, 2016
