MARKET UPDATE!!!!! 10/14/2015

MBS are up +9/32 (FNMA 30-yr 3.5 at 104.18), around 4/32 above morning levels, and near the high for the day. Favorable repricing was seen. Weaker than expected Retail Sales and PPI inflation data helped MBS today. The Fed’s Beige Book reported that economic growth in recent weeks was “modest” and that wage gains were “mostly subdued.” This also helped MBS. The Dow is down 150 points. Tomorrow, CPI, Empire State, and Philly Fed will be released.

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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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