Friday, April 26, 2019

Daily Market Report 4/26/19  We got a glimpse of Q1 GDP today, which surprised the Markets.  After a lower revised 4th Qtr GDP of 2.2%, forecasts called for 2.3% in Q1, but it came in much HIGHER at 3.2%.  Also, Consumer Sentiment showed some improvement, rising from 96.9 in March to 97.2in April.  However, Stocks are trending into the Negative Trade this morning, as more Corporate Earnings and Forecasts are reported.  This is what is driving the Market currently.  As a result, MBS is Up 13bps, and Mortgage Rates Improved today.  Yields have slid down to 2.50% now.

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