Job Gains Exceed Expectations

Mortgage Market News for the week ending July 5, 2013. The big event this week was Friday’s Employment report. The labor market data came in stronger than expected, which was great news for the economy, but it caused mortgage rates to end the week higher. Against a consensus forecast of 160K, the economy added 195K…

Fed Speeches Drive Markets

Mortgage Market News for the week ending June 28, 2013. It was another incredibly volatile week as investors attempted to determine the impact of last week’s Fed announcement on mortgage rates. Early in the week, mortgage rates continued to move higher, but soothing comments from Fed officials caused mortgage rates to reverse direction. After all…