Friday, August 7, 2020

Daily Market Report 8/7/20 The Non Farm Payrolls rose by 1.76 million in July, as it exceeded it's forecast of 1.68 million.  Also, the Unemployment dropped from 11.1% in June to 10.2% in July (almost a full percent).  The Average Hourly Earnings, also, exceeded it's forecast of -0.5% in July by reporting +0.2%.  The Wholesale Inventories dropped by 1.4% in June.  Stocks are Down this morning, as Job creations have slowed, which makes a Stimulus Package even more dire, in the minds of the Investors.  President Trump issued a 45 day window for Tech Companies to stop doing business with Chinese Companies, TikTok and Tencent. This puts a timeframe on negotiations between Microsoft and TikTok.  MBS are Up 2bs, so there's currently no change in Mortgage Rates from yesterday.  Yields have pushed back Up to just over 0.56%.

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

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