http://MikesDailyMarketReport.com: Chicago PMI improved a little bit, as it went from 46.3 to 48.9 in December. However, this still in contraction levels. Pending Home Sales rose by 1.2% in November. Stocks are in the Red this morning, as Investors reassess their positions in the Market. As is the same for MBS, as it' currently Down 16bps. Mortgage Rates are currently the same as Friday morning. The Market improved on Friday, but most of those gains were late in the day, so Lenders didn't make any price changes. Yields rebounded and are currently up to 1.93%.
Please subscribe to my Blog and YouTube Channel at MikesDailyMarketRpt
No comments:
Post a Comment