Daily Market Report 6/24/19

Mortgage and Lending with CMG Financial NMLS #275652/1820

http:MikesDailyMarketReport.com: The Economic Calendar is light today, so the Geo-Political will have the most affect on the Markets today. Stocks are in Mixed Territory, as NASDAQ is currently in the Red. Investors are looking ahead to the G20 Summit in Japan, which begins Friday, when it is expected that President Trump and Jinping will speak and hopefully work thru the detente in the Trade Negotiations. Also, Investors are watching the US and Iran's tensions mount, as the US looks to increase sanctions on Iran. Currently, the MBS is Up 11bps. Not quite enough to improve Mortgage Rates from their disappointing end to Friday. Yields are trying to fall below it's floor of support, after breaking above it Friday. It's currently sitting just below the Fibonacci level at 2.01%.

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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!

Jun 24, 2019 09:33 AM #1
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Seems like we're in a wait and see mode until the G20 starts next weekend. Hopefully the US and China can come to an agreement on trade.

Jun 24, 2019 12:23 PM #2
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