Monday, June 7, 2021

Daily Market Report 6/7/21  There are no economic data to report today.  It's very light this week; however, Thursday could be a big day, as we will receive the CPI for May.  Last time it reported a big spike with inflation, and Markets overreacted.  Stocks are in Mixed Territory, as NASDAQ remains lone index in Positive Territory today.  As there's not much to report today, Investors are watching on any progress on the Infrastructure bill and still have some concerns regarding Inflation; which the Fed has recently indicated that they will start the discussion.  The Fed is trying to give a long-timeframe on the possibility of tapering, as to avoid any Taper Tantrums.  Meanwhile, MBS is Down 5bps, so Lenders will price their Mortgage Rates as Unchanged from Friday's close.  Yields are still hanging around 1.57% too.

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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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