MArket Update 12/22/2015

MBS are down -4/32 (FNMA 30-yr 3.5 at 103.04), around 5/32 lower than yesterday at this time. Early investors may have priced at higher levels.

MBS have drifted lower this morning. Third quarter GDP was revised slightly lower from 2.1% to 2.0%, matching expectations. The Dow is up 25 points. Existing Home Sales 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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