Daily Market Report 12/9/19

By
Mortgage and Lending with SunWest Mortgage NMLS #275652/1820

http://MikesDailyMarketReport.com: There are no data to report from the Economic Calendar today. Stocks are currently Mixed, as the DOW sits as the only index in Negative territory. Investors are looking ahead, as they search for fresh info on any news on the US/China Trade Negotiations, as the date for Tariffs is this coming Sunday, the 15th. Meanwhile, we have a round of global Central Banks making their announcements this week, including our own Fed, whom begins their 2 day meeting tomorrow and make their announcement on Wednesday. Not much is expected at this meeting, but remain in Neutral territory. The ECB will have their announcement read this Thursday by their new ECB President, Christine Lagarde (former head of IMF). It was reported that China's exports dropped 1.1% in November. MBS is currently Up 2bps, so Mortgage Rates remain Unchanged from Friday. Yields sit at 1.82%.

 

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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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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mike,  Always good to see what the bond market is doing and how it effects us in our business.

 

Dec 09, 2019 09:24 AM #1
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Should be interesting to see where the trade talks are going to go as we get close to the deadline on the 15th.

Dec 09, 2019 03:07 PM #2
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