http://MikesDailyMarketReport.com: Initial Jobless Claims improved this week, as 1.19 million people applied for first time benefits. This is down from last week's 1.44 million; and lower than forecast of 1.40 million. Stocks are Down this morning after a sharp rally yesterday. Not much news, as Congress is still far apart on any Stimulus negotiations and Corona virus numbers continue to rise. MBS is Up 13bps reclaiming quite a bit of yesterday's (-19bps) loss. Mortgage Rates are priced a little better today. Yields are sitting just under 0.52% currently.
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