Tuesday, April 2, 2019

Daily Market Report 4/2/19

http://MikesDailyMarketReport.com: It's a fairly quiet day today, after Stocks held a pretty good rally yesterday.  Durable Goods Orders is the only item on the Economic Calendar today.  January's numbers were revised from being up 0.3% to being up 0.1%.  It dropped 1.6% in February, as forecasts showed a drop of 2.1%.  Transportation is the main dragging it down.  If you remove it, then it's up 0.1%.  Stocks are trading in Mixed Territory currently, with NASDAQ the only index in Positive Territory.  MBS is Up 3bps, so Mortgage Rates remain Unchanged from yesterday's pricing.  Some Lenders did a reprice yesterday for the worse, so rates worsened a bit; as today's pricing would correlate after yesterday's re-pricing.  Yields remain at 2.49%.

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