Daily Market Report 6/12/19

Mortgage and Lending with CMG Financial NMLS #275652/1820

http://MikesDailyMarketReport.com: The Consumer Priced Index rose only 0.1% in May, which it's YoY dropped from 2.0% to 1.8%. The Core CPI (excluding food and energy) also rose only 0.1%. It's YoY dropped from 2.1% to 2.0%. Stocks are trading in Negative Territory, despite the lower Consumer Inflation data, as Investors continue to watch the drama between the US and China' Trade Talks. President Trump recently tweeted that he's holding up the talks, and his sentiment is that the deal should be great for both US and China, otherwise, there's no sense in making an agreement. This is souring the Markets a bit. Also, there are Mass Protests in Hong Kong over recent laws that will allow China to extradite from Hong Kong to the mainland. This isn't sitting well with the people of Hong Kong. MBS is Up 9bps, but Mortgage Rates remain Unchanged. Yields are currently at 2.12%.

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