http://MikesDailyMarketReport.com: There are no economic data to report today, so Stocks are taking their queues from Corporate Earning releases and Geo-Political News. This morning, Stocks are Up. The EU announced an $858 Billion plan that will provide Grants and Loans to countries whom need assistance during this time. This was well received in the Markets. The Fed Reserve has 2 new nominees being addressed before a Senate Committee today. MBS has started the day lower, but is currently Up 6 bps. Lenders will tend to keep their Mortgage Rates Unchanged from yesterday's pricing. Yields are currently sitting just under 0.61%.
As I mentioned in the video, these views do not represent anybody else, but my own. I do work as a Loan Officer, so if I may be of assistance with your refinance or purchase, then please feel free to reach out to me at mikebjork@icloud.com.
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