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.

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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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