Daily Market Report 11/24/20

Mortgage and Lending with Evolve Bank & Trust NMLS #275652

http://MikesDailyMarketReport.com: The Case Shiller Home Price Index saw a big spike in home appreciation for the month of September, as it rose 6.6% YoY. Meanwhile, the Consumer Confidence dropped a bit in November to 93.1, from October's 100.9. Stocks are Up this morning, as the DOW hit another Milestone -trading over 30k for the first time! Even though cases have increased, Investors are feeling better about the vaccines and medical help to treat them. Meanwhile, Biden has tabbed former Fed Chair Janet Yellen to be his Treasurer once (or if ) he takes office. MBS is currently Down 3bps, but were down further earlier this morning. East Coast Lenders may have priced a bit worse due to this; however, pricing is Unchanged from yesterday, here, on the West Coast for Mortgage Rates. Yields are clawing their way back up, as they are now sitting around 0.88%.

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