Daily Market Report 2/13/19

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

http://MikesDailyMarketReport.com: We have inflation data to cover today on the Economic Calendar. The Consumer Priced Index (CPI) remained unchanged from December to January, but did decline from 1.9% to 1.6% YoY. The Core CPI (excluding food & energy) rose 0.2%, and remained at 2.2% YoY. The Stock Market is Up this morning on growing optimism over a US/China Trade Agreement, as reports indicate that President Trump will soften his stance on the "Hard" deadline of March 1st, if talks progress enough that an Agreement is close. Also, reports indicate that the tentative agreement on US Border Security will move along and avoid another Gov't Shutdown. Saudi Arabia announced a cut in their oil production, so Oil prices are rising, as a result. MBS is currently down 14bps and pushing below it's floor of support at the 25 DMA. This has Lenders pricing Mortgage Rates a bit higher today. Yields have climbed up to 2.72% and is fighting to break above it's 25 DMA and adding more pressure to Mortgage Rates.

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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 08:54 AM #1
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Rainmaker
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Mike Bjork

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