Market update 5/15/2015

MBS are up +7/32 (FNMA 30-yr 3.0 at 100.30), around 14/32 higher than yesterday at this time. Favorable repricing took place yesterday.

A volatile week looks set to end with a partial recovery in MBS prices. April Industrial Production declined 0.3%, below the consensus for a slight increase. The Empire State regional manufacturing index rose to 3.1, a little below the consensus of 5.0. The Dow is up 10 points. Consumer Sentiment 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).

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: