Cherry Creek Mortgage
Straight Stats 13 October 2017

Rates Improve Slightly on Mixed Economic Data

Mortgage interest rates improved slightly on the week on mixed economic data.  Economic data stronger than expected included weekly jobless claims, the September core Producer Price Index (PPI), September Retail Sales excluding automobile sales, the…

Commentary 13 October 2017

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES

The Fed has begun to reverse its quantitative easing, letting MBS bleed out of its portfolio. Thus far, no effect on mortgages. We can tell because the spread between mortgage rates and the 10-year T-note…

Straight Stats 06 October 2017

Rates Flat on Mixed Economic Data

Mortgage interest rates were flat on the week as economic data was mixed. Economic data weaker than expected included MBA Mortgage Applications, Employment Situation, EIA Petroleum Status Report and the ADP Employment Report. Economic data…

Commentary 06 October 2017

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES

As anticipated, the hurricanes have turned the usual flow of economic data into a game of Pick-Up-Sticks, a meaningless tangle. The market reaction has been to ignore the new data, assume the economy is on-trend,…

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