MGIC Investment Corp. (MTG)

[tommiegun54]

US DOLLAR INDEX(DXY) HITS LOWER LEVEL IN A WEEK 96.6, MORTGAGE RATES LOW

DXY DATA
https://www.marketwatch.com/investing/index/dxy

As more investors put money in money funds, MORTGAGE RATES decline. However, investors aren't buying US Treasury instruments, signaling that the drop in the stock market maybe temporary.
In any event, PMI COMPANIES will benefit from banks paying lower rates on deposits and offering declining MORTGAGE RATES.

MGIC AND RADIAN PERSISTENCY RATES, Approximately 81% ON THEIR INSURANCE IN FORCE($208 billion)will lead to a good level of premium income revenues in coming quarters.