From the category archives:

Monday Market Commentary

Monday Market Commentary: Push and Pull, Up and Down, There and Back Again

by Alex Stenback 03.07.2011

Graph via Calculated Risk Last Week: The fact that mortgage bond prices, (and Mortgage Rates) closed the week at almost precisely the same level as they started might lead you to believe nothing much happened in interest rate land last week.  To the contrary – last week was marked by extreme volatility.  Bond prices cycled furiously through a [...]

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Monday Market Commentary: On the Menu This Week in Mortgage Rates

by Alex Stenback 02.28.2011

Last Week: Mortgage bond prices marched higher all week as continued unrest in the Middle East and little evidence of inflation or a strong economic recovery sent investors to seek haven in the less risky/volatile bond markets.  As a result, mortgage rates improved about .125 – .25% and are now solidly back in the fours [...]

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Monday Market Commentary: The week that was and the week to come

by Alex Stenback 02.07.2011

Last Week: Mortgage rates had a rough week as the markets shrugged off a dismal employment report to push rates higher.  Improving economic data, fear of inflation and fear of the oncoming supply of new bonds were the prime drivers, and rates closed Friday at least .25 – .375% higher than they began the week [...]

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Monday Market Commentary: This Week In Mortgage rates

by Alex Stenback 05.17.2010

Last Week: Mortgages improved modestly/minimally again last week – now even the pricier lenders are posting 1pt-included 30 year mortgage rates under 5%, though much of the street has been there for weeks. In an interesting twist, and part of a play that may run to several acts, the domestic economy, while still anemic, is posting [...]

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Monday Market Commentary March 1st, 2010: Tracking Mortgage Rates and What Moves Them

by Alex Stenback 03.01.2010

Graphic via Jake @ Econompic Data (emphasis mine) Last week: The mortgage market rallied last week – benchmark 30 year fixed rates shed roughly .25% with most lenders. That’s the good news. Bad news is that the improvement was mostly driven by a series of (unexpectedly) glum economic reports.  New and existing home sales dropped in [...]

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Monday Market Commentary February 22nd 2010: Where Mortgage Rates Are Headed

by Alex Stenback 02.22.2010

Last Week: 30 year mortgages swung higher by roughly .25% in rate last week with most lenders – the increase was caused primarily by a fresh round of “my god inflation is going to destroy us all” worries sparked by some tough talk from the Fed (via the minutes rom last FOMC conclave) and one-off speeches [...]

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Monday Market Commentary February 8th, 2010: Where Mortgage Rates are Headed

by Alex Stenback 02.08.2010

Last Week: 30 year mortgage rates improved slightly just about everywhere last week as a volatile stock market and improving but still fairly depressing employment report (employment rate dropped to 9.7%, but revisions to prior reports “found” another 1 Million jobs that were lost in 2009.) This Week: What the economic calendar lacks in volume [...]

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Monday Market Commentary Feb 1st, 2010: Where are Mortgage Rates Headed

by Alex Stenback 02.01.2010

Last Week: The mortgage market suffered through some serious mid-week volatility, but from market close on Monday to market close on Friday, benchmark 30 year rates were unchanged.Yet another reason not to get too wrapped up in the day-to-day swings of the market.  Against the backdrop of a Fed meeting, State of the Union address, and [...]

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Monday Market Commentary January 26th, 2010: Where Mortgage Rates Are Headed

by Alex Stenback 01.26.2010

Yes, I know it is Tuesday.  Offline events precluded publication yesterday.  Mea Culpa. Last Week: The mortgage market had another nice (if choppy) week with a lot of behind the scenes technical battles being fought.  Stocks struggled somewhat, while most economic reports of note posted lukewarm readings. As a result,  benchmark 30 year rates managed to [...]

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