http://MikesDailyMarketReport.com: On today's Economic Calendar is Inflation news in the Wholesale Sector for the month of December. The Producer Price Index dropped 0.2%, while the Core PPI (excluding food & energy) dropped 0.1%. Manufacturing data from the NY region had a sharp decline, as the Empire State Index dropped from 11.5 to 3.9 in January. The Stock Market is trading in Positive Territory this morning, even on the heels on disappointing numbers from Chase (2nd large bank in a row to report), as China announces Stimulus Package to boost the Markets. Later tonight, the UK Parliament will vote on the Brexit proposal, which doesn't seem too popular. Both MBS and Yields are sitting in Unchanged Positions (moving side-ways), so there's been no change in pricing for Mortgage Rates.
If you want update on the Market throughout the day, then follow me on Twitter @MikeBjork
Please subcribe to my Blog or stop by my YouTube Channel at MikesDailyMarketRpt.
Check out my Facebook Page specifically for Real Estate Agents, which includes Webinar Recordings, and other very useful information at FreeHelpForCARealEstateAgents
Comments(0)