Monday, December 14, 2020

Daily Market Report 12/14/20 There are no economic data today to report.  Stocks are Up this morning on news of vaccines beginning to be distributed across the US; and the UK PM and EU President announcing the scrapping of a deadline to work out a deal between the 2 entities.  It is being reported that NYC Mayor De Blasio stated that NYC may want to prepare for a Full Shutdown, which is helping MBS this morning.  MBS started the morning much lower, but has since went into positive territory (+5bps).  The current pricing will lead Lenders whom priced the East Coast to better pricing, which should match what we have seen at Friday's close.  Yields started the morning much higher due to talk about new stimulus, but is weakening, as it is sitting between it's 25 DMA and Technical line at just under 0.90%.

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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 please direct message me.

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