Daily Market Report 12/13/19

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

http://MikesDailyMarketReport.com: Retail Sales disappointed in November, as forecasts called for 0.5% increase, and it just increased by 0.2%; and if you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in November. Business Inventories rose by 0.2% in October. Stocks started the morning in Positive Territory, as China made their own announcement of the trade agreement with the US; however, a few indexes dropped in the Red, as no specifics of the deal has been reported. In the UK, the election results favored PM Boris Johnson, which is expected to carry out the Brexit plan, as he is expected to have the support in Parliament needed for it to be carried out. MBS is Up 29bps, so Mortgage Rates have improved from yesterday's close. Yields have slid down to 1.83%.

 

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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
642,585
Peter Mohylsky, Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
TOP LISTING AGENT ALONG THE BEACH

Nice post and video, thanks for sharing.  market is taking off this friday the 13 on news of phase one of china deal.  sure.   

Dec 13, 2019 08:47 AM #1
Rainmaker
3,284,853
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mike,  some time something slide but the next day they go up I would think.

Dec 13, 2019 10:21 AM #2
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

Well we got "Phase One" and based on the muted response from the market there's not much in there to excite investors.

Dec 13, 2019 03:41 PM #3
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Mike Bjork

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