Daily Market Report 1/10/19

By
Mortgage and Lending with American Pacific Mortgage NMLS #275652/1850

http://MikesDailyMarketReport.com :Today on the economic news is the Initial Jobless Claims, which dropped 17k (from last week's numbers), from 233k to 216k. We're watching this data to determine if it's bottomed out, which could lead to our own economic slowdown (as most companies tend to layoff employees when business slows). Stocks are trading in Negative Territory on renewed worries over Global Slowdown, as more disappointing economic data came out from China; also, they're getting a bit restless over the Gov't Shutdown. MBS is unchanged from yesterday, so Mortgage Rates remain unchanged. Yesterday's close above the Floor of Support was important because it held the current trendline intact, which will allow Mortgage Rates to continue their improvement. The floor is being tested, so we still need to be cautious! Yields are currently hanging at 2.72%.

Follow me on Twitter @MikeBjork to keep up with the Market.

Please subscribe to my Blog or check out my YouTube Channel at MikesDailyMarketRpt

Check out the great information, along with webinar recordings, specifically for Real Estate Agents on my Facebook Page at Free Help for CA Real Estate Agents

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Location:
California Los Angeles County Redondo Beach
Groups:
South Bay Realtors
Tags:
interest rates
mortgages
home buying
home loans
refinance
interest rate trends

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
720,476

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information