From the category archives:

Monday Market Commentary

Weekly Mortgage Market Commentary: Monday, November 21st 2011

by Alex Stenback 11.21.2011

Last Week: Mortgages chugged sideways last week.  From Monday through Friday there was actually some modest improvement in raw pricing of mortgage bonds, but not enough to impact consumer facing rates, which remained virtually unchanged all week. Why the drama free week?  Moderately OK economic data points in the US (weekly jobless claims average slipped [...]

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Mortgage Market Weekly Update: Monday, Sept 26th 2011

by Alex Stenback 09.26.2011

Last Week: The Fed statement and announcement of Operation Twist (more on this here) contained a bonus for mortgages.  The simple plan? The Fed will buy more mortgage-backed bonds in 2011 and 2o12 in an attempt to anchor mortgage rates at low levels. Add to the mix renewed economic pessimism globally and from our own [...]

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Weekly Mortgage Market Update: September 6th 2011

by Alex Stenback 09.06.2011

Last Week: Mortgage rates improved modestly last week, with the benchmark 30 year fixed seeing about .125% improvement by week’s end. The reason?  A drumbeat of very lukewarm economic data, capped off with a truly dismal Employment Report from the Bureau of Labor and Statistics (BLS) which showed our economy netted ZERO new jobs in [...]

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Weekly Mortgage Market Update: August 29th, 2011

by Alex Stenback 08.29.2011

Last Week: Mortgage rates drifted higher last week, with 30 year fixed rates adding about .125% for the week, and a full .25% increase since the near-term (and all time) low set on August 10th. The most significant news last week was Ben Bernanke’s vaguely optimistic statements from Jackson Hole, Wyoming.  Here the Kansas City [...]

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Weekly Mortgage Market Update: Monday August 15th 2011

by Alex Stenback 08.15.2011

Last Week: In one of the more volatile weeks in memory, mortgages managed to make strong gains.  Benchmark 30 year fixed rates even made a run at the sub 4% mark mid-week, but drifted back to 4% or slightly above by the end of the week as stocks managed to close out the week by [...]

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Monday Market Commentary: Rates Remain at 2011 Lows, Beware Uncharted Waters

by Alex Stenback 08.08.2011

Last Week: It was a wild ride for mortgage rates, which improved throughout the week but saw a lot of volatility. The most influential factor is sending rates lower: Stocks generally took a pounding on renewed fears of generalized economic weakness in the US and ongoing Eurozone debt worries, which had investors across the globe [...]

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Monday Market Commentary: This Week in Mortgage Rates

by Alex Stenback 08.01.2011

Last Week: Many feared uncertainty over the debt ceiling dysfunction would drive mortgage rates higher. What actually happened was mortgages got cheaper by almost .25% as jittery investors sought safe haven in bond markets until the debt ceiling issue was resolved. Also helping rates: An armload of less than stellar economic data, including especially a weak [...]

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Monday Market Commentary: Mortgage Rates Officially in a Downtrend?

by Alex Stenback 06.06.2011

Last Week: 30 year fixed mortgage rates continued their volatile path downward as an onslaught of economic data showed USA Inc. is not posting the robust, self-sustaining, job creating numbers that were widely expected to materialize by now. Six-months of promised but not delivered economic recovery is a recipe that almost always produces lower rates. [...]

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Monday Market Commentary: Mortgage Rates This Week [March 14th 2011]

by Alex Stenback 03.14.2011

Tougher to write a weekly roundup with the horrifying situation in Japan still unfolding. But for the grace of god (or dumb luck, should you prefer) go we – a stark reminder that this is a violent planet. The show must go on. ——– Last Week: Mortgage rates improved last week, slightly, at most .125%.  [...]

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