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The market The Market Update Desk January 6th Geo political activity is not causing the flight to safety (bonds) that we expected. Apartment lists showed continued new rent decelerations. New Rents for December fell -.8% and are now down year over year -1.3%. This continued deceleration will help us lower CPI and PCE inflation, due to large weighting of shelter cost with in in each report. ISM manufacturing report showed the overall index dropped to 47.9% (contraction is 50 or less). Only 2 of 11 sectors showed expansion. The prices component did remain stable; this was better than the market expected. This week we get JOBS JOBS JOBS numbers. It will be very interesting to see these reports and how the market reacts to them. MBS are down today, trading in a close range of overhead and floor resistance levels. 10 year treasury remains in it range of 4.12 to 4.2%. @themarketupdatedesk Market Update Desk Mortgage 1 INC. - Grand Rapids #themarketupdatedesk #knowledge #experience