Daily Market Report 4/18/19

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Mortgage and Lending with CMG Financial NMLS #275652/1820

http://MikesDailyMarketReport.com: Weekly Jobless Claims continue to drop, as they dropped from 197k to 192k last week. Retail Sales rebounded, after dropping 0.2% in February, it jumped up 1.6% in March; and if you exclude Autos, then it jumped up 1.2%. Manufacturing in the Philadelphia region dropped in April, as the Philly Fed went from 13.7 in March to 8.5 in April. Markit Manufacturing PMI flash remained Unchanged in April at 52.4; whereas, the Services sector dropped from 55.3 to 52.9. Business Inventories rose 03% in April. Leading Indicators rose 0.4% in March. Stocks are in Mixed Territory, as the DOW is the only index in Positive Territory. Europe released more negative economic news, as it's PMI for both Manufacturing and Services dropped. Investors will watch, as the DOJ release the Mueller Report to Congress. MBS is Up 13bps, so Lenders will price Mortgage Rates better today. Yields have slid down to 2.55% now. The Markets will be closed tomorrow for Good Friday/Passover, so there will be no report on Friday, the 19th.

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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

Always good to hear insight from a local expert. Thank you for sharing!

Apr 18, 2019 11:04 AM #1
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Rainmaker
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Mike Bjork

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