Daily Market Report 7/22/19

By
Mortgage and Lending with Pinnacle Home Loan NMLS #275652/1820

http://MikesDailyMarketReport.com: No economic data from the calendar to report today. We will see a lot of Housing Data later this week, however. Stocks started the morning in Positive Territory; however, the DOW has since turned Negative, so Stocks are Mixed. There are further Corporate Earnings Reports being released all week. China has reported that representatives from the US will be visiting Beijing for face-to-face meetings, perhaps this week. Also, Oil spiked a bit after Iran captured a British flagged Tanker on Friday. MBS are Up 13bps, so Mortgage Rates have improved this morning. Yields are still residing between it's 25 DMA and Fibonacci level at 2.03%.

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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

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Rainmaker
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Irina Rogina
Highlight Realty - Fort Lauderdale, FL
Highlight Realty Fort Lauderdale RE 305-588-8599

Thanks for sharing what is going on in your market.  I hope you have a great week.

Jul 22, 2019 09:03 PM #1
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Rainmaker
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Mike Bjork

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