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MMG Weekly Recap 1/10/20

by Bill Bodnar, on January 10, 2020 at 12:34 PM

Mortgage Market Guide's recap of what happened this week and why.

There are three reasons why rates ticked up to finish the week: 1) de-escalation of U.S. and Iran, 2) jobs, and 3) economic improvement in Europe. Stocks have traded to all-time highs at the expense of Bonds. Looking ahead, be sure to follow the 10-Year Note which is getting close to a key level of 1.95%.

The labor market remains strong. Remember, jobs buy homes and not rates. The Goldilocks environment continues.

Want to know what this means for you, your partners, and your borrowers? Watch my MMG Weekly Recap video now!

MMG Weekly Recap 10JAN20

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Topics:Market analysisMortgage Market GuideMortgage TechnologyHousing MarketMarket WrapTop OriginatorJobs ReportMMG Weekly RecapMarket IntelligenceMortgage LenderMortgage RatesEconomy

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