Daily Market Report 3/9/21

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

http://MikesDailyMarketReport.com:  The NFIB Small Business Index rose from 95.0 in January to 95.8 in February.  This index gauges the confidence amongst Small Business Owners.  They're important, as they represent the bulk of employment in the US.  Stocks are Up this morning, including NASDAQ, because of the lower Yields, which is now down to 1.56% (as it touched 1.62% yesterday).  MBS started the morning much higher (Up 25bps), but over last few minutes of starting the video, it dropped down to being just Up 8bps.  So, depending on the Lender (if they're east or west coast), then it may determine their pricing today (at least in morning, as those with earlier ratesheets may revise their rates to meet the current standing).  Mortgage Rates were better earlier on, but has subsided and may look more like rates we saw after yesterday's close.

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)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Looks like investors are rotating out of bonds & back into tech stocks today. Wonder how long that will last.

Mar 09, 2021 12:52 PM