Friday, May 22, 2020

Daily Market Report 5/22/20 There are no economic data to report today.  Stocks are Down this morning after reflecting on this week's events and heading into a long weekend.  President Trump was asked a question regarding a possible 2nd wave, which he responded that we'll put out fires, but we won't be closing the economy.  MBS is currently Down 2bps, so Mortgage Rates continue to be Unchanged.  Yields are Down to 0.65% and trying to remain above it's 25 DMA.  If it breaks below it, then it could be a good sign to push MBS upwards and see improved pricing in Mortgage Rates.  Fingers crossed!

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