Tuesday, September 29, 2020

Daily Market Report 9/29/20

 http://MikesDailyMarketReport.com: The Case Shiller Home Price Index jumped from 4.3% YoY appreciation in June to 4.8% in July.  Nice spike!  Also, Consumer Confidence jumped from 86.3 in it's previous report to 101.8 in it's September report.  Stock indices are all in Negative Territory, as Investors pull back from last 2 days of buying, and before tonights US Presidential Debates.  Meanwhile, Congress is still working toward another Stimulus round.  The Democrats released $2.2 Trillion plan, which is meeting some resistance from Senate, as many want it scaled back a bit.  Mnuchin and Pelosi continue dialogue that will hopefully find a bill that will benefit the people and the economy.  MBS is currently Up 6pbs.  It's had it's ups and downs this morning, per the wicks in the candles indications.  Lenders may price a little better today for Mortgage Rates; but some, may play it more safe and keep it Unchanged.  Yields are challenging it's 25 DMA and sitting at 0.64%.

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Also, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then either direct message me, or visit http://michaelb.swmcretail.com

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