March 17, 2016  

Another good day for Rates!!

MBS are up +4/32 (FNMA 30-yr 3.0 at 101.31), around 24/32 higher than yesterday at this time. Favorable repricing took place yesterday.

The rally following yesterday’s Fed announcement has continued this morning, although MBS prices have given back some of their early gains due to stronger than expected data. The Philly Fed regional manufacturing index jumped to 12.4, well above the consensus of -1.5. Weekly Jobless Claims rose to 265K, below the consensus of 270K. The Dow is down 10 points. JOLTS will be released at 10:00 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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