Monday, June 29, 2020

Daily Market Report 6/29/20  After dropping 21.8% in April, Pending Home Sales rebounded in a big way in May, as it jumped up 44.3% in May.  Stocks were a bit mixed this morning, as the NASDAQ was the only index in the Red this morning, but not by much.  Coronavirus remain in the spotlight, as the numbers continue to increase and the V shaped recovery may not be in the cards.  MBS started a little higher this morning, but has since withdrawn and sit at Unchanged levels from Friday's close; so, Mortgage Rates remain the same as Friday's.  Yields have pulled back too, as it sits at 0.64%.

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