http://MikesDailyMarketReport.com: Consumer Sentiment dropped a little lower than expectations for March to 59.7, as Consumers are faced with the Russia/Ukraine conflict and rapidly rising inflation and gas prices. There were reports out there that Putin commented to Belarussian counter-parts that there have been progress made in talks with Ukraine. The Markets reacted more favorably, as stocks have moved in Mixed Territory. Also, the Fed announced the completion of their tapering today. MBS moved lower after the announcements, as Lenders may be repricing for the worse. Mortgage Rates are in the range of Unchanged to maybe a little worse today. Yields have been keeping to a range between 2.00% and 1.99%.
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