Daily Market Report 5/10/19

By
Mortgage and Lending with CMG Financial NMLS #275652/1820

http://MikesDailyMarketReport.com: Consumer Price Index rose 0.3% in April, as it's YoY increased from 1.9% to 2.0%. When you remove the volatile and uncontrolled substance, as Food and Energy, then you have the Core CPI, which rose 0.1%; and it's YoY rose from 2.0% to 2.1%. As have the week went, Stocks have been reacting on the news on the tensions surrounding the China/US Trade Talks. The 25% Tariff on $200 Billion of Goods went into effect at 12:01am today. However, there will be a slight grace period, as the goods in transit will still be under the 10% Tariffs. It takes approximately 2 weeks for transits to cross the ocean. Meanwhile, China has promised to retaliate. President Trump has also brought up adding the 25% Tariffs on the remaining $325 Billion Goods that will typically come across, so it will be 25% across the board. Negotiations were brief yesterday, so they're hoping to get back on track today. There's not much movement with MBS, as they're only Up 2bps, so Lenders kept Mortgage Rates Unchanged. Yields are up to 2.44% now.

Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

Check out my Facebook page for Real Estate Agents at FreeHelpForCARealEstateAgents

 

 

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
Show All Comments
Ambassador
3,153,934
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hopefully the tariff issue will get resolved before those goods leaving China don't get taxed by the time they arrive in the US. Then all bets are off.

May 10, 2019 02:12 PM #1
Post a Comment
Spam prevention
Show All Comments

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

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

Rainmaker
749,292

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information