Translate this page:
![Mortgage Investors Group in [Dynamic1]](../assets/images/mortgage-investors-group.svg)
MARKET COMMENT Mortgage bond prices finished the week lower which put a little upward pressure on rates. Conventional rates were higher the beginning of the week, but we chipped away at the losses Wednesday afternoon and Thursday morning. The data was mixed. Producer prices rose 0.4% vs 0.1%. The core, which excludes volatile food and … Continue reading MIG Market Watch, October 19th, 2020
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were higher the beginning and end of the week with only a slight reprieve Thursday morning. News reports focused on additional stimulus talks between Congress and the US Administration. Stocks reacted strongly both negatively and positively to various developments … Continue reading MIG Market Watch, October 12th, 2020
MARKET COMMENT Mortgage bond prices finished the week slightly higher which put a little downward pressure on rates. Rates were quiet the first portion of the week despite solid data. Consumer confidence was 101.8 vs the expected 88.5. The Fed dominated trading again with billions of dollars of MBSs daily. Tame data Wednesday kept rates … Continue reading MIG Market Watch, October 5th, 2020
MARKET COMMENT Mortgage bond prices finished the week slightly higher which put a little downward pressure on rates. Stocks struggled the early portion of the week but showed some rebounding Thursday afternoon and Friday morning. Existing home sales were 6M as expected. The 2-year Treasury note auction was weaker than average. Weekly jobless claims were … Continue reading MIG Market Watch, September 28th, 2020
MARKET COMMENT Mortgage bond prices finished the week slightly lower which put a little upward pressure on rates. Selling pressure pushed rates higher through most of the week but the Fed buffered some of the losses with their MBS purchases. The data was mixed. Industrial production rose 0.4% vs the expected 1.3% increase. Capacity use … Continue reading MIG Market Watch, September 21st, 2020
MARKET COMMENT Mortgage bond prices finished the week slightly lower which put a little upward pressure on rates. Rates were generally flat the beginning of the week but saw some sharp upward movement Wednesday afternoon and into Thursday morning. Fortunately, the Fed MBS buying continued and stemmed much of the selling pressure. Producer prices rose … Continue reading MIG Market Watch, September 14th, 2020
MARKET COMMENT Mortgage bond prices finished the week slightly higher which kept rates near unchanged. Rates were flat to slightly improved most of the week until Thursday afternoon and Friday morning. The Fed continued their MBS purchases. The data was mixed but the all-important employment report showed economic recovery. ISM Index came in at 56 … Continue reading MIG Market Watch, September 7th, 2020
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. Rates worsened Monday through Wednesday with a slight rebound Thursday and Friday mornings. The Fed continued their MBS purchases, but they only buffered the selling pressure. The data was mixed but some of it showed economic strength. The FHFA house … Continue reading MIG Market Watch, August 31st, 2020
MARKET COMMENT Mortgage bond prices finished the week higher which put downward pressure on rates. Rates improved slightly Monday through Wednesday. We saw some selling pressure both Wednesday and Thursday afternoons into Friday morning. The 20 Year Treasury bond auction showed poor demand. The data was mixed. NAHB housing came in at 78 vs 74. … Continue reading MIG Market Watch, August 24th, 2020
MARKET COMMENT Mortgage bond prices finished the week sharply lower which put upward pressure on rates. Producer prices rose 0.6% vs the expected 0.3% increase. The core, which excludes volatile food and energy prices, rose 0.5% vs the expected 0.1% increase. The inflation data on the consumer side basically mirrored the data from the producer … Continue reading MIG Market Watch, August 17th, 2020
MARKET COMMENT Mortgage bond prices finished the week slightly higher which put downward pressure on rates. The Fed continued to dominate trading with additional billion-dollar MBS purchases daily. The rate changes we did see were within a very tight range which supported their goal of market stability. Construction spending fell 0.7% vs the expected 1.3% … Continue reading MIG Market Watch, August 10th, 2020
MARKET COMMENT Mortgage bond prices finished the week near unchanged to slightly higher which kept rates relatively flat. Trading was quiet throughout most of the week with some slight weakness Thursday afternoon. European leaders agreed to a historic 1.85 trillion-euro budget and coronavirus rescue package after five days of talks in Brussels. European and US … Continue reading MIG Market Watch, July 27th, 2020
