Tuesday, November 17, 2020

#Home Buying,#Home Loans,#Interest Rate Trends,#Interest Rates,#Mortgages,#Refinance

 http://MikesDailyMarketReport.com: Import Prices dropped by 0.1% in October.  The Retail Sales report indicated it's lowest MoM increase since the Pandemic with a 0.3% in October; but if you exclude Autos, then it was only 0.2% increase.  The Retail Sales has become a more important data point to Investors, as they watch Consumer activity; whereas, they already see that Jobs aren't returning as fast as one would wish.  Capacity Utilization increased to 72.8% in October.  Industrial Production increased by 1.1% in October.  The NAHB Housing Market Index rose from 85 in September to 90 in October.  Lastly, Business Inventories rose 0.7% in September.  Stocks are Down on the Retail Sales data this morning.  Meanwhile, MBS broke above it's Technical ceiling and are Up 13bps.  Mortgage Rates will show some improvement based on this projection.  Also, Yields have slid below it's Technical floor and sit around 0.87%.

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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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