Daily Market Report 5/20/19

Mortgage and Lending with CMG Financial NMLS #275652/1820

http://MikesDailyMarketReport.com: There are no economic data to report from the Calendar today. Stocks are being driven by the continued tensions between the US and China, as both parties agree they won't be meeting any time soon, as neither side is willing to negotiate further. Also, US Companies are preparing to holdback on any business relationships with Hauwei, as they will be limited on what they may sell to them. Stocks are trading in Negative Territory. MBS is down 2bps, but it's not enough to change pricing on Mortgage Rates, so they remain Unchanged. Yields are currently at 2.39%.

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