http://MikesDailyMarketReport.com: According to the Economic Calendar, we have Pending Home Sales for the month of March, which it dropped 1.2% from February's numbers. It came in at 103.7k seasonally adjusted units. There was an Auction for both the 2 year and 5 year Treasuries, which didn't seem to have much of an impact with the Market today (as we've seen in the past recently). MBS has been shifting between -17bps and -20bps, as I was doing this video. It's enough for Lenders to worsen their pricing on Mortgage Rates (in comparison with yesterday's pricing). Like I've been cautioning for a bit now, we can't get too excited when we have 1 or 2 days of improvement, as we've been seeing a lot of headfakes. This trend has continued with the Market being down today. Yields have climbed up a little today, which they're currently around 2.80%.
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