Daily Market Report 3/8/21

By
Mortgage and Lending with Evolve Bank & Trust NMLS #275652

http://MikesDailyMarketReport.com: We only have Wholesale Inventories to report today, which met expectations at 1.3% MoM increase.  Stocks are readjusting themselves, as Yields continue to rise.  NASDAQ remains lone index in Red, as investment dollars move from Tech to Financials and Energy.  The $1.9 Trillion Stimulus package passed the Senate over the weekend, so it goes back to the House.  They're pushing to wrap up before the lapse of Unemployment Benefits that end on March 14th; and hoping to start sending out Stimulus checks by the 22nd.  As previously mentioned, Yields are now at 1.60%; which we're waiting to see if it has topped out or is there more to climb?  Meanwhile, MBS is Down 9bps from Friday's close.  Not enough to change pricing from Friday's close; but we have seen a lot of volatility in the Markets; and it could have greater swings.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

Also, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then please direct message me.

 

Comments (1)

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

Hello Mike, I house the House passes this billan let it help people in need.  I see food banks even running out daily.

 

Mar 08, 2021 09:45 AM