Daily Market Report 5/11/20

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

http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are trading in Mixed Territory this morning. NASDAQ is the only index in positive territory. There are some reports out that there may be some increased levels of coronavirus around the different parts of the world, as many are trying to re-open their economies. MBS is also Down 9bps, so coupled with Fridays slide, then Mortgage Rates have worsened some since last Friday morning's position. Yields have worked their way back above it's 25 DMA and sitting at 0.69%.

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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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