Mortgage News Week In Review June 23rd, 2014 Dana Bain
By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-June 23rd, 2014 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: email@example.com Market Comment Mortgage bond prices finished the positive, which helped rates improve a little. We started the week on a positive note but bounced around from there. Industrial production rose 0.6% in May and capacity utilization stood at 79.1. That data was slightly better than the expected 0.5% increase in production and utilization at 78.9. MBS’s did not budge following the data. Consumer prices rose 0.4% in May and the core rate, which excludes the volatile food and energy costs, rose 0.3%. Traders expected both ...