MMG Weekly Recap 2/28/20

by Bill Bodnar, on February 28, 2020 at 1:43 PM

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

The ongoing fears surrounding the coronavirus have pushed U.S. Stocks off a cliff this past week while Bond prices surged, yields plunged, and home loan rates hit all-time lows. This story will continue to impact the markets, but there is a feeling that the selloff in Stocks could be overblown.

With such steep losses in Stocks in just 5 trading days, there could be a sharp reversal higher in the near-term. The U.S. economy is still strong but if the coronavirus spread gets worse, we could see lower yields and rates.

Next week we have two key labor market reports in the ADP Private Payrolls and the government's Jobs Report, which includes Non-Farm Payrolls. But they could take a backseat if the virus story gets worse.  
MMG Weekly Recap 28FEB20

Mortgage Market Guide members receive an extended version of this video that includes pipeline management strategies and lock/float recommendations.

To get access to this critical information and position yourself as the go-to market pro in your area, sign up for a free 14-day membership today when you click here!

Topics:Market analysisMortgage Market GuideMortgage TechnologyRetail LendingMarket WrapTop OriginatorJobs ReportMMG Weekly RecapStocksMarket IntelligenceMortgage RatesEconomyUnemploymentcoronavirus


About the Blog

Subscribe now to keep up to date on the current state of the market. Always know how to advise your clients and partners.

Subscribe to Updates