Daily Market Report 12/6/19

Mortgage and Lending with SunWest Mortgage NMLS #275652/1820

http://MikesDailyMarketReport.com: NonFarm Payrolls surprised everybody with their HUGE number for November, which 266k jobs were created; along with positive revisions to the prior 2 months by 41k. Forecasts called for 180k, which we thought was a stretch, but this Positive News is welcomed! The Unemployment Rate dropped from 3.6% to 3.5%, which is at a 50 year low. Average Hourly Earnings rose by 0.2% in November. Consumer Sentiment rose in December from 96.8 to 99.2. Overall, a great day! Stocks are Up on the data from this morning. Everything is pointing to progress on the Phase One Agreement between US and China. MBS is currently Down 3bps, even though it started the much lower. Same for yesterday, which leads to Mortgage Rates remain Unchanged from yesterday's pricing. Yields continue it's rise, which it's sitting around 1.83% now.


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

Spam prevention

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

Additional Information