Thursday, October 8, 2020

Daily Market Report 10/8/20 Initial Jobless Claims rose this week to 840k; up from last week's initial of 837k, which was revised a bit higher to 849k.  Stocks are in Positive Territory, as Investors are feeling more renewed optimism on some sort of Stimulus package coming sooner, than later.  MBS started the morning higher, but has pulled back some; and is Down 2bps.  Mortgage Rates remain Unchanged.  There are some possible positive signs developing for some improvement (see video on that).  Also, Yields are being held in check with it's Technical level (just under) the 0.79%; and it's currently at 0.77%.

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