Christmas thoughts, Video Market Update for Dec 26th

Hello Friends, I hope you all had a very special Holiday and Christmas with your family and friends. As I point out in the video, it was a special Christmas for my family this year between the white Christmas, less gift giving and more loving conversations, great times. The market has been trading very lightly all week with limited trading days as well the holiday schedule. Today, mortgage backed securities are trading in a window of about 25 basis points and is currently up 12. Stocks are not moving much either surprisingly with the economic data that came out today but the DOW is up 58 as I type. Unemployment hit a 26 year high dating back to 1982, but as I point out in the video, there were 169,000,000 people of voting age living in the US then and now we have 230,000,000 people of voting age, so these numbers as well as most numbers can lean or skew toward the author or reporters point. Still not good though either way. The core personal consumption expenditure report which the Fed uses as their key gauge in deciding on monetary policy and rate cuts fell again, year over year into their "safe zone" of 1.9% down from 2.0% in October. So this is good news too for mortgages, this news and with oil staying in the mid $30 a barrel range, rates should continue to stay at historic lows. Please watch the video for more details. Be Blessed!