Daily Market Report 11/6/19

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

http://MikesDailyMarketReport.com: Productivity slipped by 0.3% in Q3, as forecast called for an increase of 0.6%. Unit Labor Costs rose 3.6% in Q3, which was much higher than expectations of 2.5%. Stocks are in the Red this morning after reaching new highs again yesterday. They seem to be searching for a new catalyst, as Q3 Corporate Earnings winds down. This may be a prelude to a correction, which may benefit MBS. Speaking of MBS, it's currently Up 16bps. This will put pricing to about where we started yesterday morning, as it worsened yesterday by closing down 37bps. Yields are down a little bit to 1.84%. There will be 10 year Note Auction later today which could influence the Markets, as Investors will decide if they have an appetite for Treasuries.

Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt

Check out my Facebook page for Real Estate Agents at FreeHelpForCARealEstateAgents

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
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

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,395,538
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 what the markets did today Mike.

Nov 06, 2019 02:42 PM #1
Rainmaker
5,459,038
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing this report.

Have a very productive November.

Nov 07, 2019 06:52 AM #2
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?

Rainmaker
788,799

Mike Bjork

Ask me a question
*
*
*
*
Spam prevention

Additional Information