Daily Market Report 11/4/19

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

http://MikesDailyMarketReport.com: Factory Orders dropped 0.6% in September, which is the only report on the Calendar today. Tomorrow will give us some insight into the Services Industry with the ISM Services Index. Stocks are Up this morning on progress being made with China, which Phase 1 is being scheduled for both leaders to sign at a location to be determined. Q3 Corporate Earnings continue to do well. There are a few Fed Members scheduled to speak today, and the rest of this week. MBS is currently down 11bps, so there's no change in Mortgage Rates today from Friday's pricing. Yields are trying to push back above it's Fibonnaci level, which sits at 1.779%.

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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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