Monday, January 28, 2019

Daily Market Report 1/28/19

http://MikesDailyMarketReport:  There's nothing to report from the Economic Calendar today, as the Markets are following the Stock Market and Geo-Political news today.  Caterpillar missed it's numbers, which started the Stock Market's drop this morning; and all of the uncertainty of the Temporary Gov't Shutdown, Trade Talks with China, FOMC, Tech Heavy Earnings Report week ahead, etc.. is leading to a sour sentiment with investors.  MBS has been up between 3-5bps thus far, still below it's 25 DMA.  Yields are hanging at 2.75%, and still above it's 25 DMA.  There's no change in pricing for Mortgage Rates this morning.

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