http://MikesDailyMarketReport.com: Another day with any economic data to report. This week will be light in reports being released. Stocks are still taking a little breather after last week's big push. Q1 Earnings Reports are still being released, but not having much impact on the Market at this time; however, Investors are watching new data indicating higher COVID case averages over the past 2 weeks. Meanwhile, MBS is benefitting from the cool down with equities, as it's currently Up 19bps and breaking back above it's 50 DMA. Mortgage Rates improved from yesterday's pricing. Yields have slid back below it's Technical level and is currently sitting at 1.56%
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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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