Friday, April 12, 2019

Daily Market Report 4/12/19 Consumer Sentiment dropped from 98.4 to 96.9 on it's Index in April.  Stocks are Up this morning on strong Q1 Earnings Reports today by some of the nation's largest banks, which is indicating a continued robust economy.  Also, China is seeing positive effects from it's stimulus, as more credit applications rise.  MBS is currently down 11bps, that coupled with yesterday's losses, will lead Lenders to worsen Mortgage Rates today.  Yields have now jumped up to 2.55%, adding more pressure to MBS.

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***Sorry for not getting out my video yesterday.  The video was made, but I could not get it uploaded onto YouTube.  I'll try uploading yesterday's video again today.*****

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