Friday, April 17, 2020

Daily Market Report 4/17/20 The Leading Economic Indicator Report shows a decline of 6.7% drop in March, which is a new record.  Stocks are Up this morning on optimism of a new treatment for the coronavirus by Gillead and the President unveiled his plan for states to begin reopening their economies.  MBS started the day lower, but is currently Up 6 bps.  Mortgage Rates remain unchanged from yesterday's pricing at close of the day; however, the close was a little worse in pricing as the Market changed directions late in the day.  Yields are currently sitting at 0.61%.

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