Daily Market Report 7/19/21

Mortgage and Lending with Evolve Bank & Trust NMLS #275652

http://MikesDailyMarketReport.com:  The NAHB Home Builder Sentiment dropped one point to 80 for June.  This index gauges the confidence with Home Builders.  This week will mostly be about housing data.  Stocks are WAY Down today (comparable to last October).  Investors are concerned that the Markets may have Peaked and the rising Delta variant cases globally.  Along with that, Investors are watching tensions rise between the US and China.  MBS Is Up 31bps, as Mortgage Rates improve from Friday's close.  Yields plunged all the way down to just under 1.19%.

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Comments (1)

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

The markets seem to bounce back rather quickly when we have days like this. I'm sure this time will be no different. 

Jul 19, 2021 01:18 PM
Mike Bjork

Absolutely!  There becomes a over-reaction and next day, it realizes it and rebounds.  Thanks for the comments, Debe!  Hope all is well!

Jul 20, 2021 10:52 AM