Daily Market Report 7/2/19

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

http://MikesDailyMarketReport.com: Nothing on the Economic Calendar today. Stocks are in Negative Territory this morning, after yesterday's rally on the euphoria on the agreement between US and China to go back to the table for their Trade Talk. Now Wallstreet is waiting on Job Numbers that will be released on Friday. Stocks are high now, so they don't want to over-extend themselves, if the economy doesn't show that it's strong enough to support it's current levels. Also, US and EU are bickering about subsidies to Aerobus and Boeing, which is translating to some additional Tariffs. OPEC and Russia met and agreed to cut oil production to drive up prices, so gas prices look to rise again in the near future. Meanwhile, MBS is currently Up 14bps. It was lower and has worked it's way up. If it can sustain this level today, then you may see Lenders come out with better pricing on Mortgage Rates today. Yields have slipped down to 2.00% 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
Rainmaker
3,099,244
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mike,  Great information for buyers and sellers in your area and also us here in the Rain!

Jul 02, 2019 08:21 AM #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
761,509

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information