Daily Market Report 5/27/20

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

http://MikesDailyMarketReport.com: We'll be able to get a better view of the US Economy when the Fed releases their Beige Book around 11am PST today. This provides a Micro view of each region of the US. Stocks started the morning off in Positive Territory; however, Technology Stocks started to go into the Red, as tensions continue to mount with China and the concerns with protests in Hong Kong. This brought the NASDAQ into Negative Territory. MBS also, started in the Red and just above it's 50 DMA this morning, but has since moved upwards (Up 13bps currently) against it's 25 DMA now. As the 25- and 50- DMA begin to tighten, the MBS will need to choose which side of the lines it will move. We'll be watching this very carefully! Yields have slipped down to 0.67%.

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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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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mike,  I need to see if I can catch the report later today or see your blog tomorrow about it.

 

May 27, 2020 10:57 AM #1
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS

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

May 27, 2020 02:02 PM #2
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Rainmaker
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Mike Bjork

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