Daily Market Report 9/4/19

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

http://MikesDailyMarketReport.com: Today, we just have the Fed's Beige Book on the Economic Calendar, which will be released around 11am PST. This will provide a Micro Economic view around the US. Stocks are Up this morning on positive Geo-Political news. China is easing on some of the restrictions on Hong Kong in hopes to diffuse the tensions with the Protesters. Also, the Peoples Bank of China announced steps for more stimulus. The UK Parliament blocked PM Boris Johnson's proposal to leave the EU without any trade deal. MBS is currently Up 3bps, so coupled with yesterday's late gains, then Lenders will price better with Mortgage Rates. Yields are fighting to get back above the Fibonacci level and is currently sitting just below it 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 updated and in the loop. Best of luck!

Sep 04, 2019 10:57 AM #1
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Rainmaker
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Mike Bjork

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