Wednesday, January 27, 2021

Daily Market Report 1/27/21  The Durable Goods Orders disappointed in December, as it only increased by 0.2% on forecasts of 0.9%.  Today, the Fed wrapped up it's 2 day meeting (FOMC) and pretty much kept the language intact; including their commitment of purchasing assets (Treausuries and MBS).  Stocks are Down this morning, as more and more unusual trading is coming into play, which appears to be individual investors waging war with the big Hedgefund companies.  The biggest play has been with Game Stop, as a few large Hedgefund companies lost millions with their short positions, as the individual investors keep driving up the prices.  Meanwhile, MBS is currently Up 13bps and broke above several layers (100-, 25- and 50 DMA).  Lenders will come out with better pricing for Mortgage Rates today.  Yields are sliding down again, as they hit 1.01%.  Will they go below 1.0% again?  Time will tell!

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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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