Daily Market Report 12/3/19

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

http://MikesDailyMarketReport.com: We don't have any data from the Economic Calendar today; however, tomorrow will kick off with the first of 3 Jobs data to be released this week with the ADP Report. Stocks are heavily in the Red today, as comments by President Trump regarding a Chinese Trade Agreement happening any time soon is souring the Markets; along with more Tariff talk (not only Argentina/Brazil from yesterday's reports, but also upcoming Tariffs on Chinese goods on Dec. 15th, and EU for illegal subsidies to AirBus. MBS is rallying on this news, as it's Up 42bps, so Mortgage Rates improve. Yields have fallen all the way down to 1.70% (below all of it's previous floors of support).

 

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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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Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

So now a trade deal is off until after the election....maybe...stay tuned...

Dec 03, 2019 03:05 PM #1
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