Daily Market Report 10/10/19

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

http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from last week's 220k number to 210k, which is a good sign for Jobs. Also, on the agenda is Consumer Inflation by the way of Consumer Price Index, which remained Unchanged from the previous month (MoM); and it's YoY remained at 1.7%. When you remove the Food and Energy data, then you have the Core CPI. It rose only 0.1% MoM, but it's YoY remained unchanged at 2.4%. This bode well for investors because they believe it will make it easier for the Fed to continue cutting rates because inflation remains under control. Stocks are Up again this morning, as optimistic sentiment continues with China's visit to the US today to start the Trade Negotiatoins. There are several things by both sides whom are trying to diffuse the standoff and move in a positive direction. There are a few Fed Members whom will be speaking today, so Investors will look for clues to the next FOMC later this month. MBS is Down 19bps, so Mortgage Rates have risen a bit. They're testing it's double floor of support (50- and 25 DMA). While Yields have climbed to 1.64% and pushing Up against it's 50 DMA.

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

Great information Mike of what is happening one again.  We always need to stay on top of what is happening and what COULD happen!


Oct 10, 2019 08:28 AM #1
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Appreciate you keeping us up to date and in the know. Have a great day!

Oct 10, 2019 09:07 AM #2
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thanks for sharing these important data points. Knowing where we've been helps to predict where we're going.

Oct 10, 2019 05:33 PM #3
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