http://MikesDailyMarketReport.com: No economic data to report today. Stocks are in Mixed Territory, as the DOW represents the lone index in Positive Territory. We have a few Fed speakers today, which investors will definitely watch Lael Brainerd, as she almost disregarded the concerns of last week (high yields and inflation). They'll wait to see what she has to say this week. MBS closed Up 14bps yesterday, and many Lenders repriced for the better yesterday. This morning, it's currently Up 2bps; so Mortgage Rates remain Unchanged from yesterday's close. Yields almost appear to be heading in a sideways pattern, as it's currently sitting around 1.42%.
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