http://MikesDailyMarketReport.com: There are no economic of "note" to report today. We did receive data on Mortgage Applications, which were up last week for both purchase and refinance. Stocks are in Negative Territory, as new cases for COVID rise across US and Europe. Investors are concerned over possible new lockdowns, which will further harm the global economy. Also, the election is less than a week away; so, we'll see how the Market reacts to it's results. MBS are Down 5bps and testing it's 25 DMA. Mortgage Rates remain Unchanged from yesterday's pricing. Yields have also fallen some, as it broke beneath an important Technical Level yesterday. It's sitting around 0.77% now.
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Also, these videos are base on my views and not represented by any other entity, but my own. I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then either direct message me, or visit http://michaelb.swmcretail.com
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