Daily Market Report 2/5/19

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

http://MikesDailyMarketReport.com: We have the Services Industries on today's Economic Calendar with 2 indices. We'll start off with the Markit Services PMI, which remained at 54.2 in January; whereas, the ISM Non-Manufacturing Index dropped from 58% to 56.7%. The Stock Market is Up on light trading, as many of the Markets in Asia are closed due to the Chinese Lunar New Year celebration. Investors are looking at Q4 Earnings still, and tonite will be watching the SOTU for clues on any progress with Trade Talks with China and Negotiations with Congress over the southern Border Wall. MBS is currently up 11bps, which should bode well with better pricing this morning (compared to yesterday's). Yields have slid down to 2.70% and below it's 25 DMA.

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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

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Rainmaker
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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. Best of luck!

Mar 06, 2019 08:57 AM #1
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Rainmaker
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Mike Bjork

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