Mortgage News Week In Review May 12,th, 2014 Dana Bain Premiere Mtg
By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/MortgageMarketWeekInReview http://mortgagesinmassachusetts.com/ Newsletter-May 12th, 2014 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: firstname.lastname@example.org Market CommentMortgage bond prices finished the week higher, which pushed rates lower. The situation in Ukraine and concern over the health of the Chinese economy continued to support bond prices as global investors shed stocks in search of safety. The US economy imported more goods than it exported resulting in a trade deficit of $40.4B. Fed Head Yellen cited geopolitical risks and soft housing as areas of concern in her testimony to the House and Senate. Weekly jobless clai...