Thursday, December 26, 2019

Daily Market Report 12/26/19 Initial Jobless Claims dropped down to 222k last week.  Still relatively quiet, in terms of news, so the Market is still monitoring the Phase One Agreement.  Both sides are expressing that it's nearly done, it's a matter of translations and other fine details before both Presidents sign, which is expected to happen in January.  Stocks are Up this morning.  MBS is Down 8bps, but Mortgage Rates remain Unchanged, as we had a nice little surge late Tuesday (closed Up 11bps).  Yields are still hanging in near unchanged levels, as it's right around 1.92%.

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