Daily Market Report 1/10/19

http://MikesDailyMarketReport.com: Today on the economic news is the Initial Jobless Claims, which dropped 17k (from last week's numbers), from 233k to 216k.  We're watching this data to determine if it's bottomed out, which could lead to our own economic slowdown (as most companies tend to layoff employees when business slows).  Stocks are trading in Negative Territory on renewed worries over Global Slowdown, as more disappointing economic data came out from China; also, they're getting a bit restless over the Gov't Shutdown.  MBS is unchanged from yesterday, so Mortgage Rates remain unchanged.  Yesterday's close above the Floor of Support was important because it held the current trendline intact, which will allow Mortgage Rates to continue their improvement.  The floor is being tested, so we still need to be cautious!  Yields are currently hanging at 2.72%.                                                                                         

Follow me on Twitter @MikeBjork to keep up with the Market.                                                                               
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Daily Market Report 1/9/19

http://MikesDailyMarketReport.com: Nothing scheduled on the Economic Calendar today, but later this morning (11am PST) the FOMC Minutes will be released.  Historically speaking, the MBS don't do well on the days of FOMC Minutes been released; so, be forewarned!  Stocks are trading in Positive Territory this morning and previous sentiments continue and new reports that progress is being made in the Trade Talks between the US and China, as they extend into a 3rd day.  Today, we have several Fed Members speaking today, which we've been hearing a bit of a dovish tone from previous thought.  MBS is currently down 2bps, which Mortgage rates will be unchanged from yesterday's close.  Yields are currently at 2.72%.                                                                                       
For more updates throughout the day, then please follow me @MikeBjork on Twitter.                                                                                 
Please subscribe to my Blog or check out my YouTube Channel at MikesDailyMarketRpt

Daily Market Report 1/8/19

http://MikesDailyMarketReport.com: Today's Market News is mostly carryover sentiment from Friday's and Monday's news.  NFIB Small Business Index slid a bit, from 104.8 to 104.4, in December, as most of the Small Business owners were concerned about not finding the qualified rker.  Also, Job Openings shrank from  7.1 million to 6.9 million in November.  Stocks are trading in Mixed Territory, as Samsung reported worse than expected warnings for Q4 Profits, and is pulling NASDAQ into the Red.  MBS is currently down 8bps and is pushing against a strong floor of support, which is important, because it represents the trend line; if broken, then can set up bonds for a big fall, thus higher interest rates ahead!  Yields seem to be set at 2.70%

For more updates throughout the day, then please follow me on Twitter @MikeBjork

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Daily Market Report 1/7/19

http://MikesDailyMarketReport.com: Today's Economic Calendar has only the ISM Services Index for the month of December.  It dropped from 60.7% to 57.6%.  On the Headline News, the Stock Market is trading in Positive Territory on news of the US/China Trade Talks amongst higher level Officials.  Also, the sentiment was carried over from Friday on comments by Fed Chief Powell (easing concerns with Investors that the Fed will be Flexible with it's Rate Hike and Balance Sheet Policies).  Currently, MBS are Unchanged from Friday's Close and Yields have risen to 2.67%.

For more Updates throughout the day, then just follow me on Twitter @MikeBjork

Please Subscribe to my Blog or visit my YouTube Channel at MikesDailyMarketRpt

Daily Market Report 1/4/19

http://MikesDailyMarketReport.com: Provides a synopsis of the daily interest rates for mortgages and home loans, and Interest Rate Trends.  You'll find insight on what's driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest Rates.   This report is provided by Mike Bjork, whom is a Sr. Mortgage Planner, and provides financing for Home Buyers and Homeowners looking to refinance.  He understands the Markets and can assist his clients to prepare their mortgage  to save them money and prepare for their financial future.


Please Subscribe to MikesDailyMarketReport.com or my YouTube Channel at MikesDailyMarketRpt

Also, you can receive updates throughout the day by following Mike's tweets on his Twitter account @MikeBjork

Daily Market Report 1/3/19

http://MikesDailyMarketReport.com: Provides a synopsis of the daily interest rates for mortgages and home loans, and Interest Rate Trends.  You'll find insight on what's driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest Rates.   This report is provided by Mike Bjork, whom is a Sr. Mortgage Planner, and provides financing for Home Buyers and Homeowners looking to refinance.  He understands the Markets and can assist his clients to prepare their mortgage  to save them money and prepare for their financial future.


Please Subscribe to MikesDailyMarketReport.com or my YouTube Channel at MikesDailyMarketRpt

Also, you can receive updates throughout the day by following Mike's tweets on his Twitter account @MikeBjork

Daily Market Report 1/2/19

http://MikesDailyMarketReport.com: Provides a synopsis of the daily interest rates for mortgages and home loans, and Interest Rate Trends.  You'll find insight on what's driving the interest rates for that particular day and some thoughts about short- term and long- term trends with the Interest Rates.   This report is provided by Mike Bjork, whom is a Sr. Mortgage Planner, and provides financing for Home Buyers and Homeowners looking to refinance.  He understands the Markets and can assist his clients to prepare their mortgage  to save them money and prepare for their financial future.


Please Subscribe to MikesDailyMarketReport.com or my YouTube Channel at MikesDailyMarketRpt

Also, you can receive updates throughout the day by following Mike's tweets on his Twitter account @MikeBjork