Monday, January 11, 2021

Daily Market Report 1/11/21  There are no economic data to report today.  Stocks are Down today after last week's Rally Mode.  After last week's Protests, Investors are a bit concerned that Congress will put the extra stimulus on hold in lieu of President Trump's Impeachment hearing, which  may take hold this week.  Meanwhile, MBS has continued their decline (currently Down 13bps), which will lead Lenders to come out with slightly higher Mortgage Rates this morning (compared to last Friday's close).  Yields have continued it's rise, which it normally goes in opposite direction of MBS; and is currently sitting just a hair under 1.13%.

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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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