3/9/2016 Mortgage News

One big thing that just came out is the CFPB (Mortgage law makers) are overwhelmed with complaints about “online mortgage companies”  So if you plan on getting a mortgage I would highly suggest going about it the Old Fashion Way and working with a REAL PERSON who has “your best interest’ in mind.

MBS are down -4/32 (FNMA 30-yr 3.0 at 101.31), around 7/32 lower than yesterday at this time. Early investors may have priced at lower levels.

MBS prices have followed the movements in the stock market this morning. The Dow is up 50 points. No economic data will be released today. The results from the 10-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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