Daily Market Report 7/21/21

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

http://MikesDailyMarketReport.com:  There are no economic data to report today.  Stocks are continuing upward trend on more good Q2 Earnings Reports.  The ECB announced a bit of a dovish signal on their stance with inflation, which sounds similar to that of our Fed's current stance.  This set a tone for the Bond/Treasury Market.  MBS is currently Down 19bps, as Mortgage Rates worsen a bit today.  Yields jumped Up to 1.29%.

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Comments (2)

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

Didn't take long for the market to recover all of Monday's losses & then some. If you blinked you missed it 

Jul 21, 2021 01:45 PM
Mike Bjork
Evolve Bank & Trust - Redondo Beach, CA

Investors call that "Buy on the Dip"!  They believe it was an overreaction, so buy cheap on the selloff.  Thanks for the comments, Debe!  Great to see you!

Jul 22, 2021 11:07 AM