Friday, November 19, 2021

Daily Market Report 11/19/21  There is no economic data to report today.  The Markets are responding to reports out of Austria regarding national lockdown due to higher COVID cases.  Other European Countries are keeping that option open pending how their case loads trend.  Investors are a bit jittery, as we approach winter and cold season happens.  Last thing that anybody wants is another lockdown.  Meanwhile, the ECB announced that they don't anticipate any rate hikes in 2022 and still feel that inflation is transitory.  Later today, Fed Member Clarida (whom is the #2 Fed Chief) will be speaking, so Markets could react.  MBS is benefitting from the Covid reaction, which it jumped way up over the 25 DMA when the Market opened, but it's currently off from it's earlier highs.  However, it's still Up 13 bps from yesterday's close; so, Mortgage Rates are showing a bit of improvement.  Yields pummeled all the way down to 1.53% (below it's 25 DMA).  Next week will be a shortened week, due to Thanksgiving, so trading in the Markets will be less in volume, but could see some volatility due to day time traders.

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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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