http://MikesDailyMarketReport.com: There are no economic data to report from the calendar today. Stocks are taking their queue from headlines news; and are currently in the Red, as Investors begin concern over a possible new variant of the coronavirus, which is being labeled as more contagious. These are being reported in Britain and South Africa. On the brighter side is the long-awaited Congressional Agreement on a $900 Billion Stimulus package that is expected to be signed today. MBS started the morning much higher, but has dramatically dropped; currently Down 2bps. Currently, pricing for Mortgage Rates are on par with Friday's close; as it closed just under it's 25 DMA. Yields have climbed a bit since it's open; and is currently sitting around 0.93%.
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