Daily Market Report 12/30/21

 http://MikesDailyMarketReport.com:  Jobless Claims dropped down to 198k last week, as more people come off unemployment.  Also, manufacturing is still pretty hot in the Chicago region, as the Chicago PMI rose to 63.1 in December.  Investors are replacing their concerns of the Omicron variant with Labor shortages, as businesses still complain over finding qualified workers.  This is a contributing factor to our high inflation and supply chain issues.  Meanwhile, MBS is currently Up 8bps; but Mortgage Rates remain Unchanged from yesterday's close.  However, there may be some cases that pricing may be a little worse, as some Lenders may not have repriced for the 2nd time yesterday and rolled it into today's pricing.  Yesterday, we closed Down 36bps, which is about 11bps worse from when we were doing our video yesterday; and many Lenders at that time were repricing for the first time.  Yields are off from earlier highs, and currently sitting just under 1.52%.  Next week should be a bit more normal than these past 2 weeks.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/29/21

 http://MikesDailyMarketReport.com:  Pending Home Sales dropped 2.2% in November, as it went from 125,200 seasonally adjusted units in October to 122,400 in November.  Also, the last auction of the year was today, with the 7 year Treasuries, which was a disappointment. Investors concerns over the Omicron are beginning to wane, even though cases have risen, but it's showing it's much more mild of a variant than it's predecessors; and the concerns of possible government lockdowns are subsiding.    Meanwhile, MBS is Down 25bps currently.  Lenders are repricing for worse pricing with their ratesheets, so Mortgage Rates are a little worse today (than yesterday's close).  Yields have jumped Up to 1.54% now; and pushing it's way against it's 50 DMA and Technical ceiling. 

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/28/21

 http://MikesDailyMarketReport.com:  There are 2 HPIs (Home Price Indexes) being released today.  The first is from Case Shiller HPI, which follows the 20 largest US Markets.  It increased by 0.9% in October; and it's YoY dropped from 19.1% in September to 18.4% in October.  The FHFA HPI jumped up 1.1% in October; while, it's YoY dropped from 17.7% in September to 17.4% in October.  The FHFA follows the homes with conforming loans.  Both indices indicated a slower appreciation rate in October.  This is not to be mistaken that home prices are dropping!  It's just indicating that it has slowed a bit, but home prices are still rising (just at a slower pace!!).  Meanwhile, the 5 year Treasury Auction was a bit soft today, as expected (due to holidays).  MBS did pull off from earlier highs due to the poor auction result, but are currently Up 6bps.  Mortgage Rates should be Unchanged from yesterday's pricing/close.  Yields are are currently sitting at 1.48%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/27/21

 http://MikesDailyMarketReport.com:  This week should be another rather quiet and short week (Markets will be closed on Friday for New Year's).  There are no economic data to be reported today, but there will be some data being reported for the rest of the week.  Due to illiquidity in the Markets, as the large hedgefunds, are on holiday, there may be spikes due to day traders.  This is typical during the Holidays.  Once the Holidays are finished, then Investors will be watching the COVID numbers and any reaction from the Government (possible lockdowns); so, stay tuned!  Meanwhile, Stocks are Up today; as well, as MBS is Up 8bps.  MBS started the day lower, which earlier Lenders may have priced in with worse pricing on their Ratesheets.  As the Market improved, they tend to improve their ratesheets.  Mortgage Rates are on par for Unchanged levels, as Friday's close.  Yields are working their way a bit lower, as they are currently just under 1.48%; and sitting between a very tight range between the 25 DMA and Technical floor.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/23/21

 http://MikesDailyMarketReport.com:  The Market is about to close early today for Christmas, as it will be closed tomorrow.  The Economic Calendar does have a lot of data being released today, so we'll start with Personal Income rising 0.4% in November, while Consumer Spending rose 0.6%.  The PCE rose 0.6% in November, while it's YoY jumped from 5.0% in October to 5.7% in November.  The Core PCE, which excludes food & energy (and Fed's favorite gauge for inflation), rose 0.5% in November; while it's YoY jumped up from 4.1% in October to 4.7% in November.  Durable Goods rose 2.5% in November; but if you exclude Transportation, then it rose only 0.8%.  Initial Jobless Claims for last week was 205k.  New Home Sales came in at 744k seasonally adjusted units in November.  Lastly, Consumer Confidence rose by 0.2 in December to 70.6 for it's index.  MBS appears to be closing today Down 9bps; however, it was lower earlier on when Lenders came out with their ratesheets.  So, most Lenders probably priced their Mortgage Rates a little higher today.  Meanwhile, Yields have climbed just above it's Technical level and 25 DMA to 1.49%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/22/21

 http://MikesDailyMarketReport.com:  The Final Q3 GDP was revised higher to 2.3%, which is the final revision.  Consumer Confidence rose to 115.8 in December.  Lastly, Existing Home Sales rose 1.9% in November, which brought the number to 6.46 million seasonally adjusted units.  Stocks are Up today, but we have light volume this week and next week due to the Holidays, so we'll likely see spikes and drops in the Market due to the illiquid Market.  MBS opened about 13bps lower this morning; however, has worked it's way back to +3bps.  So, Mortgage Rates came in worse for East Coast Lenders, but many are now repricing for the better.  Pricing for West Coast and the repricing will match more closely to yesterday's close (Unchanged levels).  Yields have slipped lower to just under 1.46%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/21/21

 http://MikesDailyMarketReport.com:  There's no economic data to report today.  With the short-week, most of this week's data will be reported tomorrow.  The Markets are taking their cues from headline news and realizing that the concerns over the Omicron may have been a bit exaggerarated; so, investment dollars are starting to flow back from MBS/Treasuries and into the Equity Markets.  As a result, Mortgage Rates have worsened a little bit today, as the MBS is currently Down 19bps.  Treasuries have been climbing higher and currently sit just under 1.49%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/20/21

 http://MikesDailyMarketReport.com:  Today, we have the Leading Economic Indicators Indexe for the month of November, which rose by 1.1% in November.  This idex gives us a good view of the upcoming economy over the next 6 months; however, it can change with the outstanding variables, like Inflation and the Corona virus.  Stocks are Down today, as Investors worry about global growth, as many European places are implementing lockdowns over the Omicron variant.  Meanwhile, they're also reacting to the latest obstacle for the Build Back Better program.  My opinion, it's good that it doesn't pass!  Meanwhile, MBS started Up 9bps and had moments higher, but over the last few hours, it has been deteriorating and is currently Down about 3bps.  This is leading Lenders to think about a reprice for the Worse; otherwise, pricing for Mortgage Rates would be comparable to Friday's pricing.  Also, Yields are working in the inverse action, which it was around 1.38% and is now Up to 1.42%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/17/21

 http://MikesDailyMarketReport.com:  There's nothing on the Economic Calendar today!  Next week will be a short week, due to Christmas!  Most of the important data next week will be on Wednesday!  Today, Stocks are Mixed; as DOW and S&P are Down on global Central Banks becoming a bit more hawkish.  NASDAQ is Up today, as Treasuries have dropped below 1.40%.  NASDAQ is made up of primarily High Growth type stocks which Treasuries affect their profit (low number means more profit; whereas, high number is opposite).  MBS broke above their 25 DMA yesterday (Up 34bps) and today is in process of breaking above it's 50 DMA; and currently Up 19bps.  Pricing for Mortgage Rates have improved today.  Meanwhile, Yields fell below it's Technical floor today and sits between 2 Technicals (around 1.38%).

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/16/21

 http://MikesDailyMarketReport.com:  There's a lot on the Economic Calendar today, so we'll start off with the Philly Fed Index, which measures the Business and Manufacturing sectors around the Philadelphia region.  It plummeted from 39.0 in November to 15.4 in December.  Anything above 0 is expansion, so it's still ok, but it was a sharp drop!  Housing Starts jumped up from 1.52 million seasonally adjusted units in October to 1.679 million in November.  Also, Building Permits (future Housing Starts) spiked from 1.653 million in October to 1.712 in November.  Yesterday, we saw improvement with the Home Builder Confidence; and this is evidence of their confidence!  Jobless Claims rose to 206k last week.  Capacity Utilization rose 0.4% to 76.8%; and Industrial Production rose 0.5% in November.  Lastly, the IHS Markit PMI released their Services and Manufacturing data for December.  Services dropped from  58.0 from their previous reporting to 57.5 in December; and it's Manufacturing dropped from 58.3 to 57.8 in December.  For our Headline News, the Bank of England surprised investors today with an announced rate hike from 0.10% to 0.25%; and the ECB followed the lead from our Fed to speed up their taper and finish by March 2022.  These Hawkish moves by the European Central Banks has helped MBS and Treasuries, as MBS is currently at it's week high by it's 25 DMA; and Up 27bps.  This is enough for an improvement with Mortgage Rates today!  Yields have fallen and trying to push thru it's 100 DMA floor; and is sitting just under 1.43%

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/15/21

 http://MikesDailyMarketReport.com:  There are a few items on the Economic Calendar, which we'll start with this week's most important: Retail Sales for November, which only came in 0.3% MoM.  Very dismal, considering it's the Holiday Season!  The Empire State Index, which measures manufacturing around the New York region, jumped up to 31.9 for December.  Anything above 0 is growth, and it's doing extremely well!  The NAHB Home Builders Index are showing more confidence, as it moved up from 83 to 84.  Also, the Business Inventories rose 1.2% in October.  Now, what everybody (especially Wall Street) have been waiting for!  The FOMC finally came out with their announcement, which came as no surprise.  They will double their tapering and finish up around March; and start Rate hikes around June (approximately 3 in 2022 and another 3 in 2023).  Stocks are coming back a bit; as MBS is selling off on the news.  Lenders are already pricing in negative pricing on their Ratesheets, as the Market reacts to the FOMC Announcement.  They've been fluctuating between 23bps and 30bps, as this video was being created.  Also, Yields have been rising some, but not dramatically, as it's Technical ceiling been keeping a lid on it.  It's currently around 1.47%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/14/21

 http://MikesDailyMarketReport.com:  Inflation for the Wholesale sector spiked in November, as the PPI rose 0.8%.  It's Core PPI (excludes food & energy) rose 0.7%; and it's YoY rose from 7.0% in October to 7.7% in November.  Highest in Decades!!!  Today starts the first of 2 days for the FOMC, whom already indicated some upcoming policy changes (most notably increasing the pace of tapering; which also, alludes to them raising interest rates thereafter).   Based on today's inflation data, it's spooking the Markets a bit, as many projections are now coming out that the Fed may double their pace of tapering, which will end in March 2022; and start first of 3 possible rate hikes in June 2022 (with 3 more hikes in 2023).  We won't know for certain until tomorrow when the Fed will provide their announcement and investors review the Dot Plot.  This has investment dollars flowing from stocks to MBS again today, as a flight to safety.  MBS started the day down much lower, but has improved a little.  It's currently Down 9bps.  Some Lenders whom priced from the much lower standing improved their pricing for Mortgage Rates.  All in all, Mortgage Rates are more or less, Unchanged from yesterday's close.  Meanwhile, Yields have been riding a seesaw; and is currently just under 1.44%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/13/21

 http://MikesDailyMarketReport.com:  There's no economic data to report today.  The rest of the week will be full, but the most important one will be Retail Sales, which will be released on Wednesday.  Tomorrow will start off the 2 day FOMC, which will give their announcement on Wednesday.  Currently, the Markets have their eyes on what the Fed's next step will be...  They're mainly going to check on their new pace of tapering and the dot plot; as to how many rate hikes and when they'll start.  Currently Stocks are down and investment dollars are flowing into MBS/Bonds.  MBS is currently Up 16bps, which translates to better pricing for Mortgage Rates today.  Yields have come Down to it's 100 DMA and is sitting near 1.42%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/10/21

 http://MikesDailyMarketReport.com:  The CPI rose 0.8% in December (slightly higher than it's forecast of 0.7%) and brought it's YoY from 6.2% to 6.8%.  The Core CPI (excludes food and energy) rose 0.5%  and it's YoY went from 4.6% to 4.9%.  Lastly, the Consumer Sentiment rose from 67.4 to 70.4 in December.  People are feeling better during the Holidays ;)  Both Stocks and MBS are shrugging off the Inflation data today, as they find it in the medium that will put more emphasis to next week's FOMC.  They feel it was just "right" in terms of the Fed making any further adjustments to their planning.  MBS is currently Up 9bps; however, it was up approximately 25bps when many Lenders came out with their ratesheets.  Depending if this remains, there could be a reprice in the works.  Currently, Mortgage Rates have shown an improvement with their pricing today.  Yields have slid from 1.52% down to 1.47% today.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/9/21

 http://MikesDailyMarketReport.com:  The Initial Jobless Claims came at 184k last week, which is a new Pandemic low (and lowest since 1968); however, a word of caution, as like every Holiday season, there are lots of Temporary jobs that are created until end of the year.  This temporary position can distort the numbers somewhat.  Continuing Claims bumped up about 40k from previous week.  The Wholesale Inventories increased 2.3% MoM in October.  Later today, there will be a 30 year Bond Auction, which could play a significant role with MBS' positions.  Earlier in the week, the 10 year Treasury Auction went well, which MBS improved upon the news.  Hopefully, the same will occur today.  Unfortunately, tomorrow will be the CPI report, which may be the "wet blanket" for MBS, as it's expected to rise 0.7%.  The November report came in high (0.9%), which MBS reacted negatively.  Inflation erodes the value of bonds/MBS over time.  Stocks are down today, which is helping MBS, as the investment dollars flow from equities to bonds.  We do have some headline news, which are playing their parts today, but not really making too much impact.  The first is the comments by Pfizer about the possible need for a 4th booster shot; and the second, is Fitch downgrading China's Evergrande credit, as they officially defaulted on some payments to their creditors.  MBS is Up 9bps and in similar position as the last few days close periods; so, Mortgage Rate will be in line with the same pricing over past 3 days.  We might see some improvement, if we can get a good 30 year Bond Auction later today.  Most likely, we'll see  a cap at the 25 DMA, which has been capping MBS for the past month.  Meanwhile, Yields have slid back down to just under 1.49%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/8/21

 http://MikesDailyMarketReport.com:  There are no economic data to report today; however, there was a 10 year Treasury, which went well and helped the MBS Market.  Earlier in the day, Pfizer and BioNTech reported that the 3rd shot greatly increases the vaccinated from deadly variants, including Omicron.  This helped to push stocks this morning, but at the expense of MBS/Treasuries.  However, the 10 year Treasury Auction went well; and then we saw some improvement with MBS and Yields.  MBS is currently Up 3bps, but was Down approximately approximately 17bps early on.  When ratesheets came out, they were at the lows of the day; so, Mortgage Rates will show worse pricing today.  However, with the recent developments (and if the Market convinces the Market it will stay up), then you may see more Lenders reprice for the better.  This should bring pricing back up to Unchanged levels from yesterday's close.  Also, Yields had spiked from approximately 1.48 ish range to 1.54 ish range.  Currently, it's back down to around 1.51% range.  Remember, Friday will be a very volatile day, as the CPI will be released; and there's a good chance we'll see another spike with inflation.  If this occurs, then we could see another negative reaction in the MBS/Treasury Markets!

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/7/21

 http://MikesDailyMarketReport.com:  Today, we get the final reading for both the Productivity and Labor Costs for the 3rd Quarter.  Productivity dropped 5.2%; and Labor Costs spiked upward to 9.6%.  The latter is an index closely watched by the Fed, whom have already indicated a shift in policy in their upcoming FOMC.  This new report will only add more incentive for the Fed to react quickly to stave off out of control inflation.  Tomorrow, we'll have the 10 year Treasury Auction, which can impact Mortgage Rates, as we watch for any appetite from Investors.  Currently, MBS is Down 16pbs, so Mortgage Rates have worsened again today, as Investors are shifting their investment funds away from Bonds back to Equities.  Yields are also rising as a result, as they are currently just under 1.47%.  One geopolitical area to watch is the tension growing with Ukraine, as Russia is piling up troops on the border.  This type of event could disrupt the Markets, if it continues to escalate.  Stay tuned!

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/6/21

 http://MikesDailyMarketReport.com:  There's no economic data released today, but the big report to watch for, will be on Friday, which is the CPI.  The last time CPI was reported, then there was a fairly big spike, which the Markets reacted very negatively.  So beware!  The Markets are taking their cues from the weekend's news, which includes recent reports on the the Omicron variant, which may appear to be more mild than past variants.  Also, China's PBOC reduced the reserve requirements for their banks; and Evergrande is coming clean that it may not be able to repay their creditors.  Currently, MBS is currently Down 16bps, as investment dollars leave bonds back to equities today.  Mortgage Rates have worsened slightly from Friday's close.  Yields have jumped up to just under 1.44%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/3/21

 http://MikesDailyMarketReport.com:  Today is the Big Jobs data by the Bureau of Labor Statistics (BLS)!  We'll start with the Average Earnings (MoM) for November, which rose 0.3%; while the Average Work Week increased by 0.1 to 34.8 hrs/week.  The Non-Farm Payrolls came in at 210k, which was WAY below it's forecast of 550k.  However, it's Unemployment Rate dropped from 4.6% in October to 4.2%.  Meanwhile, Factory Orders increased 1.0% in October; and the ISM Non-Manufacturing (Services sector) jumped up  to 69.1 (anything above 50 is expansion).  The Markets showed a lot of Uncertainty early in trading, as they didn't know how to respond to a low Jobs number, but also see a lower Unemployment number.  Currently, Stocks are selling.  Investors are concerned at the timing of the Fed's abrupt policy change to taper faster, then raise interest rates sooner approach, given the uncertainty of the new variant's impact with the Markets and economy, along with the low jobs number.  MBS was in Uncertain territory for much of the morning, but has shifted into positive territory, as more investment dollars leave the equities market to a "flight to safety". Currently, MBS is Up 13bps, so Mortgage Rates are improving.  They're more close to yesterday's start of the day, as we saw pricing deteriorate later in the day yesterday.  Also, we're seeing a very big drop in Yields, as it's now striking upon 1.38%.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/2/21

 http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose back above the 200k level after (it was reported at 194k last week), which 222k applied for first time benefits last week.  Some good news, lies with the Challenger Layoff (announced layoffs), which dropped by nearly 8 million; and the Continuing Claims dropped below 2 million.  Tomorrow will be the BLS' Jobs data, which we'll see the  Non Farm Payrolls and Unemployment Rate.  Stocks are in positive territory today after a few days of beat downs.  As the old adage goes, buy on the dip!  There are a few Fed Members speaking today.  We already know that the Fed wants to taper faster, so they can raise rates sooner to stave off inflation.  Also, they're watching to see if any new lock downs will occur, as it was reported yesterday that the US (in California) the omicron made it's way here.  MBS is currently Down 33bps, which Mortgage Rates have worsened.  Pricing should be comparable to yesterday's open.  This is due to investment dollars moving from Bonds, back to Equities.  Meanwhile, Yields are rising a bit!  They're currently just under 1.46%, after touching 1.41% earlier.

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.

Daily Market Report 12/1/21

 http://MikesDailyMarketReport.com:  ADP released their Private Payrolls for November today, which is the first of 3 sets of Jobs reports this week, came in a little better than expected with 534k new jobs.  The ISM Manufacturing PMI showed some improvement in November, when they announced it rising from 60.8 in October to 61.1 in November.  Lastly, Construction Spending rose by 0.2% in October.  The Markets are still watching for updates on the Omicron variant and the Testimony by Powell and Yellen before Congress.  Yesterday, the Markets were spooked by comments by Moderna's CEO regarding the new variant and comments by Powell that indicate new Fed Policy shifting at the next FOMC.  They were mostly surprised by the timing of the shift, as now the Markets are dealing with an unknown variant.  However, today, they're rebounding a bit in both Stocks and MBS.  MBS started lower this morning, but has recovered to approximately +9-11bps; and approaching the 25 DMA.  Yields started the day higher and even touched 1.50% before dropping back down to 1.44%.  Mortgage Rates should now be more comparable to yesterday's close; and maybe a little better priced (if it continues to improve).

Please subscribe to my YouTube Channel at MikesDailyMarketRpt

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.