http://MikesDailyMarketReport.com: Today's rather quiet, in terms of reports being released. Only the FOMC Minutes will be released later this morning. It may not have as much impact on the Market today, as Fed Chair Powell spoke before Congress last week. Meanwhile, Stocks are trading in Mixed Territory, as Investors continue to grow weary over any possibility of a US/China Phase One Agreement any time soon. However, there were a number of positive Corporate Earnings Reports that are helping the Markets. MBS is currently Up 6bps. When you build upon the steady growth over past few days, Mortgage Rates will show some Improvement in today's pricing. It should be comparable to what we saw on Monday morning. Yields continue to slide lower, as it tries to stay above it's last floor of support at the 50 DMA. It currently sits at 1.75%.
Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt
No comments:
Post a Comment