Daily Market Report 2/12/20

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

http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up again today, as DOW and S&P reach new highs. Fed Chair Jerome Powell will be testifying before the Senate today. His talking points from yesterday's testimony will remain the same, however, the Senate may have other questions for him. Also, later today, there is a 10yr Treasury Auction, which can affect the Markets. MBS is currently Down 2bps, however, Mortgage Rates remain Unchanged. Yields are Up to 1.63% (sorry, I mistakenly stated 1.66% in the video).

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

Always good to be in the loop. Appreciate you sharing this with us!

Feb 12, 2020 09:47 AM #1
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Although the number of people who have contracted the coronavirus are at their peak the number of new cases appears to be dwindling. Hence a new record high today.

Feb 12, 2020 01:33 PM #2
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