http://MikesDailyMarketReport.com: New Home Sales jumped up from 666k in July to 713k in August. Stocks are in Mixed Territory, as Congress has announced an Inquiry into an Impeachment process. This gave rise to Yields, thus affecting Bonds, which we'll see in a little bit. Aso, Investors are still uncertain over the US and China Trade Negotiations, even though China has placed more orders for Soy and Pork with the US. Later today, several Fed Members will be speaking, which could potentially lead to some volatility in the Markets. MBS is currently down 11bps, but it's not enough movement to change Mortgage Rates, as they remain Unchanged. It's currently sitting just atop it's floor at the 50 DMA. Yields have risen a bit to 1.67% on the Impeachment Inquiry news, which is what's adding pressure to the MBS this morning.
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