Tuesday, November 16, 2021

Daily Market Report 11/16/21

 http://MikesDailyMarketReport.com:  Retail Sales spiked up 1.7% in October.  This is one of the better numbers we've been seeing since all the Stimulus checks went out.  Industrial Production jumped up 1.6% in October.  Home Builders are more confident, as the NHIB Home Builders Index rose 3 points to 83 in November.  Lastly, Business Inventories rose 0.7% in September.  Stocks are up on the Retail data; while MBS had an adverse reaction to it.  The concern with investors is still Inflation.  If we end up having to raise rates prior to the completion of the Fed's tapering, then it won't be a good sign.  Luckily, MBS has subsided from it's earlier losses, and are now Up 3bps.  Mortgage Rates are currently more in line with the same pricing found after yesterday's Market close (or Unchanged).  Yields are still about the same (at 1.62%).

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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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