http://MikesDailyMarketReport.com: ISM Manufacturing Index jumped, and matching a 2 year high, to 60.8 in February. Also, Construction Spending rose by 1.7% in January. Stocks took off this morning, as Yields seem to have calmed down a bit today and good economic data. Mortgage Rates are Up a little bit, as the MBS opened about 17bps lower than Friday's close; and is currently Down about 13bps. There's some volatility still, as it has a low of 24bps and it was up 17bps. Yields are currently sitting at 1.44% (after it hit 1.61% last week).
Please subscribe to my YouTube Channel at MikesDailyMarketRpt
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.