Wednesday, May 29, 2019

Daily Market Report 5/29/19 Nothing scheduled for the Economic Calendar today, but tomorrow will be much busier.  The Stock Market is in Negative Territory this morning on more news on the escalating tensions between US and China.  China is now reporting that they may restrict exports to the US on Rare Earth Minerals that are used for Micro Chips, Mobile Phones and other every day electronics.  This coupled with the data supporting a possible global economic slowdown, unresolved Brexit and tensions between the EC and Italy have Investors concerned.  MBS is Up 5bps, so it's not enough for any change to develop with pricing on Mortgage Rates.  Mortgage Rates remain Unchanged.  However, Yields have continued to slide and are now at 2.22%.

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