Daily Market Report 1/18/19

Mortgage and Lending with Pinnacle Home Loan NMLS #275652/1820

http://DailyMarketReport.com: We have a few items on the Economic Calendar today. The Industrial Production rose 0.3% (in line with forecast) in December. Capacity Utilization rose from 78.6% to 78.7% in December. Meanwhile, Consumer dropped from 98.3 to 90.7, which is most likely due to sentiment of the prolonged Gov't Shutdown. Stocks are on fire this morning, as a WSJ report came out yesterday, which the White House refuted, that the US Negotiators my hold back on the Tariffs on the Chinese, as a gesture of Good Faith. Investors are feeling very optimistic about it, as the Stock Market continues to heat up! MBS broke thru an important floor of support yesterday, and is testing it's next floor ( the 25 DMA). As a result, Mortgage Rates rose today. Yields are climbing today, and are currently at 2.79%.

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interest rates
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Have a great weekend!

Jan 18, 2019 08:57 AM #1
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