Daily Market Report 7/7/21

Mortgage and Lending with Evolve Bank & Trust NMLS #275652

http://MikesDailyMarketReport.com:  Later today, the FOMC Minutes will be released, which will be our most impactful economic data for this week (as it will be a rather light week).  However, the BLS released a report showing that there were 9.2 million Job Openings for the month of May.  The Markets are holding back today, as NASDAQ goes into the Red.  MBS are currently Up 6bps, but it's still within our range yesterday, after it pulled back some to close +22bps.  This basically means that Mortgage Rates remain Unchanged from yesterday's pricing.  Yields continue their decent, as it hit 1.31%, and it currently about 1.32%.

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Comments (1)

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

Hello Mike and thanks for the information.  I was in the mountains yesterday and amaze at how many places for retaurant has now hiring signs out.


Jul 07, 2021 09:11 AM
Mike Bjork

It's nice to see places reopening.  Hopefully, once the extra unemployment benefits are pulled back, then we'll see people go back to work; and the bottleneck in the supply chain will improve.  In the mean time, there's a lot of opportunity out there for those whom want it.  Hope you enjoyed your time in the Mountains, Will!  Sounds like a great time!

Jul 08, 2021 11:21 AM