Market Update 6/14/2016

MBS are down -2/32 (FNMA 30-yr 3.0 at 102.29), around 3/32 below morning levels, and near the low for the day. Some unfavorable repricing was seen. Some volatility took place today ahead oftomorrow’s Fed meeting and the upcoming British vote on exiting on June 23. The Dow is down 60 points. Tomorrow, the Fed statement will be released around 2:00 et. Fed Chair Yellen’s press conference will begin around 2:30 et. No change in rates is expected, but investors will be looking for hints about the timing of future policy changes. Before the meeting, PPI, Empire State, and Industrial Production will be released.

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).

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: