http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up this morning on the FDA fast-tracking Pfizer and BoNTech SE with their covid-19 vaccinations; despite the rising cases in the US and rising tesnions with China. MBS had a big reversal on Friday and closed Down 31bps; and this morning, it's Down 11bps. This has let to a few price changes by Lenders to worsen pricing. Yields have climbed their way back up a little bit and currently sit at just over 0.64%.
As I mentioned in the video, these views do not represent anybody else, but my own. I do work as a Loan Officer, so if I may be of assistance with your refinance or purchase, then please feel free to reach out to me at mikebjork@icloud.com.
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