Wednesday, April 21, 2021

Daily Market Report 4/21/21  There are no economic data to report today, but we'll start to see some beginning tomorrow.  However, the MBA released their Mortgage Application data today, which showed an increase last week for both Purchase and Refinance loan applications.  Stocks are Up today after taking a bit of a breather and taking in some profits over the past 2 days.  Q1 Earnings are still being released; and Netflix disappointed!  Right now, the US Market isn't being affected; however, Investors are keeping a close eye on recent COVID upticks in their numbers in Japan and India.  MBS started the morning lower; however, it has worked it's way higher.  It is currently Up 8bps.  Mortgage Rates are Unchanged from yesterday's close; but, it's possible that some Lenders on the East Coast may have priced a little worse due to the lower start in the morning.  Also, Yields are still hanging on between it's Technical ceiling and it's 50 DMA floor (at 1.57% -up from yesterday's 1.56% close).

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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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