MBS are up +4/32 (FNMA 30-yr 3.5 at 105.06), around 6/32 below morning levels, and at the low since early this morning. Some unfavorable repricing was seen. Weaker than expected Retail Sales data lifted MBS today. The Fed’s Beige Book reported “modest” or “moderate” economic growth across most regions since mid-November, while some energy-producing regions saw a slowdown. Results were weaker than average for the 30-yr Treasury auction. The Dow is down 190 points.Tomorrow, PPI, Jobless Claims, Empire State, and Philly Fed will be released.

About The Mortgage Update

I am a resident of St Charles Illinois and have been in the Mortgage Industry for 24 Years. I am also be heard on WYLL 1160 AM Chhristian Radio "The Mortgage Update with Terry & Dan". With relationships with the our Countries biggest lenders, it allows me to help you find the PERFECT Mortgage for your situation. From getting Pre-Approved to purchase your first home to helping you Qualify under wth NEW HARP 2.0 Guidelines (see HARP 2.0 tab).

One response to “”

  1. G says :

    Awesome dude. Now where do you get this information. This is some good stuff!!!

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