Daily Market Report 2/13/20

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

http://MikesDailyMarketReport.com: The Weekly Jobless Report rose by 2k to 205k. Consumer Price Index rose by 0.1% in January; however, it's YoY rose from 2.3% to 2.5%. The Core CPI (excluding food and energy) rose 0.2% in January; however, it's YoY remained Unchanged at 2.3%. Stocks are down this morning, as Investors turn to the ever increasing numbers of diagnosed patients and death tolls as a result from the coronavirus. MBS is Up 5bps this morning and Mortgage Rates remain Unchanged. Because we haven't had really any large price swings this week, the Mortgage Rates have pretty much remained intact this week. Yields have climbed a little higher to 1.62%.

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Mortgage / Finance
California Los Angeles County Redondo Beach
South Bay Realtors
interest rates
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home loans
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

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

Feb 13, 2020 01:46 PM #1
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