Daily Market Report 2/14/20

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

http://MikesDailyMarketReport.com: Retail Sales (both headline and excluding Autos) rose 0.3% in January. Import Price Index remained Unchanged in January. However, Industrial Production dropped 0.3% in January and Capacity Utilization dropped from 77.1% to 76.8%. Consumer Sentiment rose to 100.9 in February. Last, but not least, Business Inventories rose 0.1% in December. Stocks are lightly trading and stepping back and forth in Positive and Negative Territory, as Investors are having heightened concerns about the data being received out of China that it may be well under-reported. MBS is Up 5bps this morning, as Mortgage Rates have basically remained the same all week (Unchanged). Yields have fallen down to 1.58%.

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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, CNE, CRS, ePro, PSA

Thank you for keeping us up to date. Happy Valentines Day!

Feb 14, 2020 08:45 AM #1
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Rainmaker
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Mike Bjork

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