Monday, February 10, 2020

Daily Market Report 2/10/20 There is no economic data to report today, and this week will be relatively quiet.  Stocks started in the red this morning, but since has moved into Positive Territory.  Investors are checking on China, as businesses begin to re-open after the extended holiday due to the coronavirus.  Also, the Q4 Corporate Earnings Reports will soon come to a close this week.  MBS is fighting to stay above it's previous ceiling, and hopefully, turning it into a floor of support.  It's Unchanged from Friday's close, so Mortgage Rates remain Unchanged, as well.  Hopefully, it's strong enough to stay above this line, which can lead to further improvement for Mortgage Rates.  Yields have fallen down to just under 1.56% now.

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