Posts Tagged ‘record close’

REAL ESTATE REMAINS STRONG IN THE FACE OF UNCERTAINTY

Wednesday, January 17th, 2018

Trading in stocks still rules: yesterday the DJIA traded in a 382 range, trading up 228 then sliding to down 10 before closing essentially unchanged. The bond and mortgage markets yesterday didn’t bite on the volatility and generally were unchanged from Friday’s close. This morning, pre-opening trade at 8:00 AM ET, the DJIA up 150 points and the other indexes also better. This morning the 10 yr. note yield started at 2.57% +3 bps from yesterday and MBS prices at 8:00 -11 bps from yesterday’s close.

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