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The Weekly Brief
Brought to you by Brady Spangler from Axia Home Loans
September 14, 2015
      

Weekly Brief

It is our goal to keep you informed about what is happening in the market so that you can make the best decisions for your business. As always, please reach out with any questions.



MARKET COMMENTARY RATES


•Better than expected GDP data from Europe and Japan had mortgage rates moving higher early in the week last week. Rebounding equity markets and heavy corporate/Treasury issuance also played a factor in the increase.


•The Weekly MBA Mortgage Application Index showed a -6.2% overall dip in activity. This was the first drop in almost 2 months as the long holiday weekend and higher rates dampened volumes.


•Import and export prices were softer than expected as both components fell more than anticipated.


•This week, the calendar gets off to a slow start but ramps up midweek with a slew of data, as well as the highlight FOMC Meeting Announcement on Thursday.


SOURCE: Reuters

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