Daily Market Report 8/13/19

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

http://MikesDailyMarketReport.com: The NFIB Small Business Index, which measures the confidence for Small Businesses, rose from 103.3 in June to 104.7 in July. The Consumer Price Index (CPI) rose 0.3% MoM in July, and 1.6% to 1.8% YoY. However, if you remove the food and energy components (which are volatile), then you have the Core CPI. The Core CPI rose 0.3% MoM in July and 2.1% to 2.2% YoY. Stocks have reversed course and trading in Positive Territory (DOW is up over 400, thus far) on news that the US will either scrap altogether or just delay certain components of the $300 Billion Chinese Goods due to go into effect Sept. 1. Also, the Trade Reps plan to be meeting again within the next 2 weeks. Investors are closely watching the happenings in Hong Kong, as China is becoming more aggressive with their crackdown on Protestors. MBS is currently down 9bps, however, that's not enough movement to change Mortgage Rates. Yields have climbed to 1.68%. Investors are watching the last possible inversion between the 2yr and 10yr, as they are now about 3bps from being inverted.

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
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
769,510

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information