Daily Market Report 9/20/19

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

http://MikesDailyMarketReport.com: We don't have any data to report from the Economic Calendar today. Stocks are Up again today and approaching new highs again. Tensions between US and China appear to be easing, as they're currently meeting to prepare for the bigger meeting in October. A few members of the Fed spoke today, after the FOMC which the Dissenters relayed their reasons for the dissension. Today, it's Quadruple Witching Day on Wall Street, so we may see some re-balancing in stocks, which may or may not help Bonds. MBS is currently Up 11bps, but it's not quite enough to improve Rates, so Mortgage Rates remain Unchanged again today. Yields are trying to remain above it's double floor of support, which it's just below it, at 1.77%.

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