Thursday, February 13, 2020

Daily Market Report 2/13/20 The Weekly Jobless Report rose by 2k to 205k.  Consumer Price Index rose by 0.1% in January; however, it's YoY rose from 2.3% to 2.5%.  The Core CPI (excluding food and energy) rose 0.2% in January; however, it's YoY remained Unchanged at 2.3%.  Stocks are down this morning, as Investors turn to the ever increasing numbers of diagnosed patients and death tolls as a result from the coronavirus.  MBS is Up 5bps this morning and Mortgage Rates remain Unchanged.  Because we haven't had really any large price swings this week, the Mortgage Rates have pretty much remained intact this week.  Yields have climbed a little higher to 1.62%.

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