Mike Bjork's (mbjork) Blog

Mortgage and Lending - SunWest Mortgage - NMLS #275652/1820
http://MikesDailyMarketReport.com: The Weekly Jobless Claims are down to 235k this week from last week's report of 252k, which is a welcomed sign; but it's still a little higher than we've been seeing, so we'll definitely keep an eye on this data. The Philly Fed dropped to 0.3 (nearly in contract...
http://MikesDailyMarketReport.com: Quiet Day in the Market today. There are no data to report on the economic calendar today, and Geo-Political news is mostly mute. Even though the House Vote for Impeachment Hearings is not a factor, as it's widely expected to die with the Senate, so Investors ar...
http://MikesDailyMarketReport.com: Housing Starts increased to 1.365 million annualized units in November from a higher revision in October of 1.323 million. A good forward indicator for more Housing Starts are Building Permits, which also, increased from 1.461 million annualized units to 1.482 m...
If either you're working with Real Estate Investor or plan to become one, then you may want to review Fannie Mae's new Guidelines that just went into effect 12/7/19 regarding the use of rental income. This will greatly affect First Time Real Estate Investors. 
http://MikesDailyMarketReport.com: There was some slight improvement in the manufacturing sector for the NY region, as the Empire State Index rose from 2.9 to 3.5 in December. Markit PMI released their 2 reports (Manufacturing and Services industries). The Manufacturing dropped slightly from 52.6...
http://MikesDailyMarketReport.com: Retail Sales disappointed in November, as forecasts called for 0.5% increase, and it just increased by 0.2%; and if you exclude Autos, then it only rose 0.1%. Import Prices rose 0.2% in November. Business Inventories rose by 0.2% in October. Stocks started the m...
http://MikesDailyMarketReport.com: Weekly Jobless Claims came in much hotter than expected at 252k. As I had forecasted last week, this was to be expected because last week's really low number was due to the Thanksgiving Holiday being shortened and we'd see a bit of a spillover into this week's r...
http://MikesDailyMarketReport.com: CPI rose 0.3% in November and saw it's YoY increase from 1.8% to 2.1%. The Core CPI (excluding food and energy components) rose 0.2%, as it's YoY remained Unchanged at 2.3%. Later this morning, the Fed will wrap up their 2 day meeting and Chairman Powell will gi...
htp://MikesDailyMarketReport.com: Confidence with Small Business picked up in November, as the NFIB Small Business ticked up from 102.4 to 104.7. The final Productivity for Q3 improved from it's initial report from -0.3% to -0.2%; and the final revision for Unit Labor Costs improved from rising 3...
http://MikesDailyMarketReport.com: There are no data to report from the Economic Calendar today. Stocks are currently Mixed, as the DOW sits as the only index in Negative territory. Investors are looking ahead, as they search for fresh info on any news on the US/China Trade Negotiations, as the d...

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