Daily Market Report 8/12/19

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

http://MikesDailyMarketReport.com: Nothing to report on the Economic Calendar today. Stocks are mostly following the news on US/China trade negotiations and Hong Kong. The Yuan is getting weaker against the US Dollar, which the US has accused China of being a currency manipulator. Also, tensions in Hong Kong continue to rise, as Police step up their tactics in a more aggressive manner, which is leading to bloodshed; as a result, the Hong Kong airport cancelled all flights because thousands of protestors are occupying the terminals. MBS is currently Up 9bps and floating in mid-range of it's floor and ceiling. Mortgage Rates remain Unchanged from Friday's Close. Yields have fallen to 1.66% with it's next floor of support at 1.595%, which is the current Low point it reached about a week ago.

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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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