Tuesday, January 26, 2021

Daily Market Report 1/26/21

 http://MikesDailyMarketReport.com: Today, we have a few Home Price Indexes gauging Home Appreciation on a Year over Year basis.  The Case Shiller HPI rose from 8.0% in October to 9.1% in November; and the FHFA HPI rose from 10.3% in October to 11.0% in November.  Also, Consumer Confidence rose from 87.1 in December to 89.3 in January.  Stocks are lightly trading, while the 3 indexes tip toe back and forth in Positive and Negative Territory; so, they're currently in Mixed Territory.  Today, they're reviewing Q4 Corporate Earnings Reports and watching for any news of more Stimulus, which some reports are coming out that Schumer is pushing for it in March.  Today begins the first of two days for the Fed to meet at the FOMC.  We don't anticipate any changes, but there has been talk about modifying the asset purchases, so investors will be eyeing for any word changes in their statement tomorrow.  MBS is currently Up 5bps after it closed a bit off it's high yesterday (closed Up 6bps, while it reached Up 17bps).  Mortgage Rates (for the most part) appear to be Unchanged from yesterday's pricing.  Yields are now sitting at 1.04%.

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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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