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.
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