Daily Market Report 10/21/19

Mortgage and Lending with SunWest Mortgage NMLS #275652/1820

http://MikesDailyMarketReport.com: There is no economic data to report today, which will be a relatively light week for it. We'll receive data on the Existing Home Sales tomorrow. Stocks are in Mixed territory, as the DOW has been bouncing between Positive and Negative Territory this morning. The US and China are working their way thru a Phase 1 portion of a Partial Trade Agreement. UK Politics is forcing the PM to request another 3 months extension from the EU regarding Brexit. We're in the middle of the Q3 Corporate Earnings Reports, which have been fairly decent. MBS is trying to fight it's way back above it's 100 DMA. It's currently down 9bps, so Mortgage Rates remain Unchanged, but very close to worsening. If it cannot rise above the 100 DMA, then it has another 50bps space to drop further, which will translate to approximately .25% interest rate increase. Yields are fighting to break above it's Fibonacci level and is sitting at 1.78%.

Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

Check out my Facebook page for Real Estate Agents at FreeHelpForCARealEstateAgents



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Mortgage / Finance
California Los Angeles County Redondo Beach
South Bay Realtors
interest rates
home buying
home loans
interest rate trends

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Earnings are going to dictate which direction the stock market is going to go. The noise has been ignored so far.

Oct 21, 2019 11:00 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Mike Bjork

Ask me a question
Spam prevention

Additional Information