Monday, March 15, 2021

Daily Market Report 3/15/21  Manufacturing in NY region spiked up a bit further in March, as the Empire State Index rose to 17.4.  Stocks are in Negative Territory leading up to the upcoming FOMC, which begins tomorrow and announcement to be made by Fed on Wednesday.  Pricing for the recently passed Stimulus is already set into the Market, but they're still adjusting to the ever evolving rise in Yields.  Yields have come off their highs of the day, down to 1.60%.  MBS is currently Up 13bps, which Lender will come out with slightly better ratesheets today (based on Friday's close, which was Down 42bps from Thursday).

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