Daily Market Report 5/22/20

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

http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Down this morning after reflecting on this week's events and heading into a long weekend. President Trump was asked a question regarding a possible 2nd wave, which he responded that we'll put out fires, but we won't be closing the economy. MBS is currently Down 2bps, so Mortgage Rates continue to be Unchanged. Yields are Down to 0.65% and trying to remain above it's 25 DMA. If it breaks below it, then it could be a good sign to push MBS upwards and see improved pricing in Mortgage Rates. Fingers crossed!

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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, ABR, SRS

Thank you for keeping us posted and up to date. Have a great holiday weekend!

May 22, 2020 11:27 AM #1
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Rainmaker
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Mike Bjork

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