http://MikesDailyMarketReport.com: Manufacturing in the Chicago region improved in December, as the Chicago PMI rose from 58.2 November to 59.5 in December. Pending Home Sales continued it's decline into November, as it dipped another 2.6%. Stocks are trading in Positive Territory this morning. As expected, the Senate rejected the change in the Stimulus package that would have increased the $600 to $2k check to the people. MBS lost some ground yesterday, but still remained above the 25 DMA. This morning, it's re-tracing it's previous gains and is Up 5bps. Mortgage Rates remain Unchanged from yesterday. Yields also remain Unchanged, as it remains just under .94%.
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