Mortgage Newsletter Week In Review July 28th, 2014 Dana Bain Premiere Mtg
By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-July 28th, 2014 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com Market Comment Mortgage bond prices finished the week near unchanged which held rates relatively steady. Weak stocks Monday helped bonds improve a bit. Consumer prices rose 0.3% in June and the core value, which excludes the volatile food and energy costs, rose 0.1%. Traders expected CPI to rise 0.3% and 0.2% respectively. Weekly jobless claims were a lower than expected 284k versus the anticipated 308k reading and mortgage interest rates spiked higher Thursday morning. New home sales came in...
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