Translate this page:
![Mortgage Investors Group in [Dynamic1]](../assets/images/mortgage-investors-group.svg)
Market Comment Mortgage bond prices finished the week considerably lower which put sharp upward pressure on rates. Rates worsened throughout most of the week but received a much-needed reprieve Thursday afternoon and Friday morning. Elevated oil prices and inflation fears weighed heavily on trading. The data was mixed. FHFA rose 0.8% vs 0.5%. Confidence was103 … Continue reading MIG Market Watch, October 2nd, 2023
Market Comment Mortgage bond prices finished the week considerably lower which put sharp upward pressure on rates. Rates worsened throughout most of the week with only a slight reprieve Friday morning. Elevated oil prices and high inflation weighed heavily on trading. The Fed kept rates unchanged but signaled there could be another rate hike before … Continue reading MIG Market Watch, September 25th, 2023
Market Comment Mortgage bond prices finished the week a little lower which put upward pressure on rates. Rates generally worsened throughout most of the week. Elevated oil prices, high inflation, and softening consumer attitudes impacted trading. Consumer prices rose 0.6% as expected. The core, which excludes volatile food and energy, rose 0.3% vs 0.2%. Producer … Continue reading MIG Market Watch, September 18th, 2023
Market Comment Mortgage bond prices finished the week a little lower which put upward pressure on rates. The up and down trading pattern continued. We started the week with significant rate increases and finished the week with some slight positive rebounds. Oil prices shot higher recently as Russia and Saudi Arabia announced production cuts. The … Continue reading MIG Market Watch, September 11th, 2023
Market Comment Mortgage bond prices finished the week higher which put a little downward pressure on rates. The up and down trading pattern continued. We started the week with rate improvements amid weak data. FHFA housing rose 0.3% as expected. Confidence was 106.1 vs 116. Q2 Gross Domestic Product rose 2.1% vs 2.4%. ADP payrolls … Continue reading MIG Market Watch, September 4th, 2023
Market Comment Mortgage bond prices finished the week slightly lower which put upward pressure on rates. The up and down trading pattern continued as inflation fears remained heightened. Some of the data showed the impacts of higher rates on the economy. Existing home sales were 4.07M vs 4.15M. However, new home sales were 714K vs … Continue reading MIG Market Watch, August 28th, 2023
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The up and down trading pattern continued as inflation fears remained heightened. The Fed minutes indicated inflation risks could require additional tightening. We started the week negatively, saw a slight rebound Tuesday morning, experienced heavy selling Wednesday and Thursday, and … Continue reading MIG Market Watch, August 21st, 2023
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week positively, saw mild selling pressure mid-week, and ended on a sharply negative note. Unfortunately, the early positive movements were not enough to counter the losses seen Friday morning. The data was mixed but the higher-than-expected producer … Continue reading MIG Market Watch, August 14th, 2023
As we age, our loved ones become our greatest treasures, deserving of respect, care, and protection. Unfortunately, a shadow looms over our aging population: elder abuse. Namely – elder financial abuse. This distressing reality affects millions of seniors, robbing them of their dignity, peace of mind, and financial security. It’s time to shed light on … Continue reading Combating Elder Abuse: How the Mortgage Industry Can Safeguard Our Seniors
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week flat, saw heavy selling pressure mid-week, and ended on a positive note. Unfortunately, the positive movements Friday were not enough to erase all the losses from earlier in the week. The data was mixed with the … Continue reading MIG Market Watch, August 7th, 2023
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We saw selling pressure almost every day. The Fed rate hike dominated sentiment throughout most of the week. The data was mixed but generally showed solid economic growth and tame inflation readings. FHFA housing rose 0.7% as expected. Consumer confidence … Continue reading MIG Market Watch, July 31st, 2023
Market Comment Mortgage bond prices finished the week near unchanged which held rates steady. Rates remained volatile with sharp up and down movements but fortunately we ended the week flat. A lot of tame data helped stem upward pressure on rates. Industrial production fell 0.5% vs the expected unchanged reading. Capacity use was 78.9% vs … Continue reading MIG Market Watch, July 24th, 2023
