Daily Market Report 1/15/20

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

http://MikesDailyMarketReport.com: The Wholesale Inflation data was reported today, as the Producer Price Index rose only 0.1% in December, but it's YoY rose from 1.1% to 1.3%. The Core PPI also rose 0.1% in December, however, it's YoY dropped from 1.3% to 1.1%. Manufacturing improved around the NY region in January, as the Empire State Index rose from 3.3 in December to 4.8 in January. Later today, the Fed Beige Book will be released, as it will provide more of a Micro Economic view of the US economy. Stocks continue to rise, as we've approached the signing day for Phase One, which will be done later today. Also, we're at the beginning of the Q4 Corporate Earnings Report season, which it's been ok, rather mixed. MBS is Up 2bps so far this morning, so Mortgage Rates remain Unchanged. They may have a difficult time rising, as the Yields are fighting to remain above the important Fibonacci level at 1.779, which is keeping a lid on the MBS from improving much more. Yields are currently around 1.79 (and did touch off the Fibonacci earlier).

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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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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS

Thank you for keeping us posted and up to date. Best of luck with this one!

Jan 15, 2020 09:58 AM #1
Ambassador
3,699,154
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Now that Phase One has been signed let's see if China lives up to their purchasing commitments. 

Jan 15, 2020 01:38 PM #2
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Rainmaker
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Mike Bjork

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