Daily Market Report 9/10/19

By
Mortgage and Lending with CMG Financial NMLS #275652/1820

http://MikesDailyMarketReport.com: The NFIB Small Business Index dropped a little bit in August, going from 104.7 to 103.1. This is the lowest level since March, which is when things between US and China got a little bit chippy. It got a little chippy last month too, which may be the reason for this number. Job Openings remained the same in July at 7.2 million. Stocks are Down this morning, as Investors look to ECB's upcoming meeting on Thursday. There was some pushback from some ECB Officials regarding the (maybe) too high expectations of possible rate cuts and re-starting the Bond Buying Program again. MBS is down 9bps now. It dropped further later in the day and closed -30bps, so Lenders will have Higher Mortgage Rates this morning. Yields are still climbing, and currently at 1.67%.

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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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