Daily Market Report 8/26/19

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

http://MikesDailyMarketReport.com: Durable Goods Orders rose 2.1% in July, up from 1.8% in June. However, when you exclude the Autos, then it dropped 0.4% in July. Stocks are Up this morning on news that President Trump stated that China contacted him twice over the weekend to return back to negotiations. This has flipped the Investors sentiment from Friday's tit-for-tat tariff talk between US and China. A Business Survey in Germany reported that Business Confidence is at it's lowest point since 2009, and is greatly concerned that it's quickly approaching recessionary levels. MBS is Up 8bps, which isn't enough for any price improvement since Friday's close, so Mortgage Rates remain Unchanged. Yields started the morning sitting on it's Floor of Support (about the 1.48% level) and is now up to 1.51%.

Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

Check out my Facebook page for Real Estate Agents at FreeHelpForCARealEstateAgents



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Mortgage / Finance
California Los Angeles County Redondo Beach
South Bay Realtors
interest rates
home buying
home loans
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?


Mike Bjork

Ask me a question
Spam prevention

Additional Information