Daily Market Report 10/9/19

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

http://MikesDailyMarketReport.com: It's a pretty slow day today, as we only have the FOMC Minutes being released later this morning (around 11am PST). Stocks are rebounding this morning on new optimism between US and China Trade negotiations. Reports are coming out that we may have a limited deal coming soon. So, this is boosting stocks! MBS is Down 9bps so far, after 2 days of testing it's ceiling and close in negative territory. Stochastic Chart indicates possible trend reversal, which we have some room with MBS until we hit a double floor (25- and 50 DMA) of support. Yields have climbed back up to 1.56%.

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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
3,202,407
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mike, Good report and look at  the graphic on your link, make it  a grat day!

Oct 09, 2019 08:24 AM #1
Rainmaker
1,626,536
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Great market update! This is exactly what buyers and sellers in the area are looking for.

Oct 09, 2019 11:00 AM #2
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Rainmaker
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Mike Bjork

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