Tuesday, December 29, 2020

Daily Market Report 12/29/20

 http://MikesDailyMarketReport.com: The Case Shiller HPI showed a spike in Home Appreciation in October, when it jumped Up from 6.6% YoY appreciation to 7.9%.  Stocks are in Mixed Territory, as trading continues to be light during the Holidays.  The House brought up a measure to increase the Stimulus payout to Americans from $600 to $2,000, which President Trump touted.  However, it's now up to the Senate to vote.  Mitch McConnell is set to speak today, and everybody is expecting him to state whether or not, this measure will come to a vote in the Senate; so, stay tuned!  MBS started the morning off lower than yesterday's close (which did close above the 25 DMA); however, has risen back above the 25 DMA; and is currently Up 5bps.  Factoring yesterday's late surge and today's gains, Mortgage Rates should see a slight improvement in it's pricing.  Yields are holding steady at just under 0.94%.

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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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