Daily Market Report 1/9/20

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

http://MikesDailyMarketReport.com: The Weekly Jobless Report continues to show strong labor market, as only 214k people applied for benefits last week. Stocks are Up this morning, as tensions in the Middle East seem to calm down; and China announced they'll be in Washington DC to sign the Phase One Agreement. MBS took a hit yesterday afternoon, as Lenders re-priced for the worst. It broke below it's floor of support (fibonacci) and today it fell further and tested the next floor at 100 DMA. Currently, it's down 3bps (off from lows). Pricing is worse than yesterday morning's pricing, but similar to yesterday's close. Yields have climbed again, up to the 1.87% to 1.88% range.

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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

Another day, another record. Seems like any down day is just a buying opportunity.

Jan 09, 2020 02:45 PM #1
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Mike Bjork

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