Daily Market Report 8/28/19

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

http://MikesDailyMarketReport.com: Nothing to report from the Economic Calendar today. The Market's Sentiment seems to be shifted a bit more sour today, as it begain late yesterday. Stocks closed in Negative Territory yesterday (after starting the day in Positive Territory). Today, it is a bit mixed, as Investors continue to worry about the ever deepening Yield Curve Inversion, the long, drawn out trade negotiations between US and China, and a realistic "Hard" Brexit coming this fall, which they believe will deeply impact both European and UK's economy negatively. MBS is currently Up 3bps, so Mortgage Rates remain Unchanged from yesterday's pricing. Yields are currently sitting below it's Floor of Support at 1.47%.

 

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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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Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and in the loop. Best of luck!

Aug 28, 2019 09:07 AM #1
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Rainmaker
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Mike Bjork

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