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.