Daily Market Report 8/19/19

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%.

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interest rates
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