Dec 11th 2015 Market Update

MBS are up +8/32 (FNMA 30-yr 3.5 at 103.12), around 3/32 higher than yesterday at this time. Unfavorable repricing took place yesterday. Early investors may have priced at lower levels.

A decline in stocks has lifted MBS this morning. The Dow is down 250 points. Consumer Sentiment will be released at 10:00 et.

November Retail Sales rose 0.2% from October, below the consensus for an increase of 0.3%. Excluding the volatile auto component, Retail Sales rose 0.4%, above the consensus for an increase of 0.3%. November PPI rose 0.3% from October, above the consensus for a decrease of 0.1%, and it was 1.1% lower than one year ago. Core PPI, which excludes food and energy, increased 0.3%, above the consensus for an increase of 0.1%. Core PPI was 0.5% higher than one year ago.

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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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