Market Update 3/8/2016

MBS are up +9/32 (FNMA 30-yr 3.0 at 102.07), around 8/32 higher than yesterday at this time.

After posting losses over the past week, the trend for MBS turned this morning. One factor behind the rally this morning was weaker than expected export data in China, raising concerns about the pace of global economic growth. The Dow is down 100 points. No U.S. economic data will be released today. The results from the 3-yr Treasury auction will come out around 1:00 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).

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