Market update

MBS are up +3/32 (FNMA 30-yr 3.0 at 102.05), around 5/32 higher than yesterday at this time. Early investors may have priced at a range of levels.

This morning, the Chicago PMI regional manufacturing index rose slightly to 46.3, but this was well below the consensus of 50.0. Bad weather and the West Coast port strikes likely hurt the results over the last couple of months. The Dow is down 100 points. Consumer Confidence will be released at 10:00 et.

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).

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