Daily Market Report 8/19/19

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

http://MikesDailyMarketReport.com: There's No Economic Data to report today, and it will be a light week this week, as well. The Market is taking it's cue today on Geo-Political News, as President Trump and his Staff downplay talks of recession. They stated that they expect the economy to continue to be strong, and raised the optimism of a trade agreement with China, possible Tax Cuts, Rate Cuts, as other large nations are announcing stimulus packages. Stocks are Up on this optimism. MBS is currently down 14bps, so Mortgage Rates are down a little bit today. Yields are fighting their way back above it's 2 levels of resistance, and currently sitting at 1.60%.

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
781,364

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information